Prime Capital Investment Advisors LLC Has $2.21 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Prime Capital Investment Advisors LLC lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,765 shares of the company’s stock after selling 4,287 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,212,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 81.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 77,418 shares of the company’s stock valued at $3,825,000 after acquiring an additional 34,817 shares during the period. Proactive Wealth Strategies LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $203,000. Harbour Investments Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 18.6% during the third quarter. Harbour Investments Inc. now owns 318,047 shares of the company’s stock worth $15,715,000 after buying an additional 49,942 shares during the period. Apollon Wealth Management LLC boosted its position in First Trust Low Duration Opportunities ETF by 6.5% during the third quarter. Apollon Wealth Management LLC now owns 28,895 shares of the company’s stock valued at $1,428,000 after purchasing an additional 1,770 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in First Trust Low Duration Opportunities ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after purchasing an additional 386 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

LMBS opened at $48.74 on Thursday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The business has a 50 day moving average of $49.12 and a 200-day moving average of $48.66.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, October 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.