First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Position Lessened by RiverTree Advisors LLC

RiverTree Advisors LLC lessened its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,416 shares of the company’s stock after selling 4,019 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 7.2% of RiverTree Advisors LLC’s portfolio, making the stock its 2nd biggest position. RiverTree Advisors LLC owned 0.23% of First Trust Low Duration Opportunities ETF worth $11,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $30,000. Riggs Asset Managment Co. Inc. purchased a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $76,000. Prospera Private Wealth LLC bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth about $79,000. Pinnacle Bancorp Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 23.4% in the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after purchasing an additional 611 shares during the period. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth approximately $203,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of NASDAQ:LMBS opened at $48.72 on Monday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The stock has a fifty day simple moving average of $48.71 and a two-hundred day simple moving average of $48.88.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 4.19%.

First Trust Low Duration Opportunities ETF 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.