Capital Market Strategies LLC Has $328,000 Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Capital Market Strategies LLC reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,740 shares of the company’s stock after selling 1,431 shares during the quarter. Capital Market Strategies LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $328,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of LMBS. Beacon Financial Advisory LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock valued at $343,000 after purchasing an additional 754 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 3.5% in the second quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock valued at $2,183,000 after purchasing an additional 1,524 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter worth $53,000. Ameritas Investment Partners Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after buying an additional 11,362 shares in the last quarter. Finally, TFB Advisors LLC increased its holdings in First Trust Low Duration Opportunities ETF by 13.8% in the 3rd quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after buying an additional 1,613 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock traded up $0.04 during trading on Monday, hitting $48.62. 197,387 shares of the company’s stock traded hands, compared to its average volume of 410,966. The firm’s fifty day moving average price is $48.74 and its 200 day moving average price is $48.86. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.20%.

First Trust Low Duration Opportunities ETF Company Profile

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.