First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Hidden Cove Wealth Management LLC

Hidden Cove Wealth Management LLC trimmed its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 75.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,998 shares of the company’s stock after selling 50,077 shares during the period. Hidden Cove Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $775,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of First Trust Low Duration Opportunities ETF by 13.0% during the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock valued at $161,527,000 after acquiring an additional 372,725 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Low Duration Opportunities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock worth $127,102,000 after acquiring an additional 171,648 shares in the last quarter. Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 11.9% during the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock worth $99,697,000 after acquiring an additional 212,258 shares in the last quarter. First Trust Advisors LP grew its holdings in First Trust Low Duration Opportunities ETF by 15.1% in the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after purchasing an additional 199,426 shares during the period. Finally, Berger Financial Group Inc grew its holdings in First Trust Low Duration Opportunities ETF by 6.9% in the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after purchasing an additional 72,760 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.0%

LMBS traded up $0.01 during midday trading on Monday, hitting $48.74. The company had a trading volume of 695,284 shares, compared to its average volume of 573,255. The stock’s 50 day moving average price is $49.14 and its 200 day moving average price is $49.56. First Trust Low Duration Opportunities ETF has a 52 week low of $47.60 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.17 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.04 annualized dividend and a dividend yield of 4.2%.

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.