Sowell Financial Services LLC Sells 13,121 Shares of First Trust Low Duration Opportunities ETF $LMBS

Sowell Financial Services LLC lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 65.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,812 shares of the company’s stock after selling 13,121 shares during the quarter. Sowell Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Financial Enhancement Group LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $26,082,000. Royal Bank of Canada raised its holdings in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after acquiring an additional 372,725 shares during the period. Commonwealth Financial Services LLC lifted its position in First Trust Low Duration Opportunities ETF by 7,161.8% during the 1st quarter. Commonwealth Financial Services LLC now owns 294,031 shares of the company’s stock worth $14,646,000 after acquiring an additional 289,982 shares during the last quarter. Searcy Financial Services Inc. ADV acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $11,924,000. Finally, Bank of America Corp DE lifted its position in First Trust Low Duration Opportunities ETF by 11.9% during the 1st 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 during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.79 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.60 and a 52-week high of $51.98. The company has a 50-day moving average of $49.06 and a two-hundred day moving average of $49.71.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Wednesday, October 21st will be paid a $0.17 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%.

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.