First Trust Low Duration Opportunities ETF $LMBS Stock: Sowell Financial Services LLC Trims Holdings

Sowell Financial Services LLC lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 63.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,349 shares of the company’s stock after selling 12,584 shares during the quarter. Sowell Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its position in First Trust Low Duration Opportunities ETF by 13.0% in the first 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 in the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Low Duration Opportunities ETF by 7.2% in the 1st 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 during the period. Bank of America Corp DE boosted its position 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 purchasing an additional 212,258 shares in the last quarter. First Trust Advisors LP raised its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% during the 1st quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock worth $75,755,000 after buying an additional 199,426 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in First Trust Low Duration Opportunities ETF by 15.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,019,474 shares of the company’s stock valued at $50,749,000 after acquiring an additional 137,128 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $49.01 on Wednesday. The firm has a 50-day moving average price of $48.95 and a two-hundred day moving average price of $49.67. First Trust Low Duration Opportunities ETF has a twelve month low of $47.60 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.