TrueWealth Advisors LLC Has $230,000 Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TrueWealth Advisors LLC trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,730 shares of the company’s stock after selling 288 shares during the period. TrueWealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $230,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LMBS. Farther Finance Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 1.6% during the third quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock valued at $780,000 after purchasing an additional 246 shares in the last quarter. Claro Advisors LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after buying an additional 249 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in First Trust Low Duration Opportunities ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after buying an additional 386 shares in the last quarter. Pinnacle Family Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 4.3% in the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after acquiring an additional 391 shares during the period. Finally, Holistic Financial Partners raised its stake in First Trust Low Duration Opportunities ETF by 2.9% during the third quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock worth $737,000 after acquiring an additional 419 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.72 on Friday. The company’s fifty day moving average is $48.71 and its 200-day moving average is $48.87. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.17 per share. 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 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.