D.A. Davidson & CO. Sells 21,337 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

D.A. Davidson & CO. cut its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,300 shares of the company’s stock after selling 21,337 shares during the quarter. D.A. Davidson & CO. owned about 0.14% of First Trust Low Duration Opportunities ETF worth $5,475,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Imprint Wealth LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 9.2% during the 4th quarter. Imprint Wealth LLC now owns 37,788 shares of the company’s stock valued at $1,826,000 after acquiring an additional 3,174 shares during the period. EWG Elevate Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 1.8% in the fourth quarter. EWG Elevate Inc. now owns 198,643 shares of the company’s stock valued at $9,598,000 after buying an additional 3,479 shares during the period. Friedenthal Financial increased its stake in First Trust Low Duration Opportunities ETF by 1.8% in the fourth quarter. Friedenthal Financial now owns 50,420 shares of the company’s stock valued at $2,436,000 after purchasing an additional 874 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 5.7% in the third quarter. SRS Capital Advisors Inc. now owns 511,118 shares of the company’s stock worth $24,145,000 after acquiring an additional 27,527 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at $1,498,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $47.94 on Thursday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $46.58 and a fifty-two week high of $48.55. The company’s 50-day moving average is $47.97 and its 200 day moving average is $47.99.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd will be issued a $0.175 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.38%.

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.