Rede Wealth LLC Sells 261 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Rede Wealth LLC decreased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,034 shares of the company’s stock after selling 261 shares during the period. Rede Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LPL Financial LLC grew its holdings in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares during the period. Raymond James & Associates grew its holdings in First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after purchasing an additional 45,961 shares during the period. Concurrent Investment Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 7.0% during the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock worth $37,209,000 after purchasing an additional 48,939 shares during the period. Trilogy Capital Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 5.0% during the third quarter. Trilogy Capital Inc. now owns 488,969 shares of the company’s stock worth $24,160,000 after purchasing an additional 23,129 shares during the period. Finally, Petix & Botte Co grew its holdings in First Trust Low Duration Opportunities ETF by 1.5% during the third quarter. Petix & Botte Co now owns 458,366 shares of the company’s stock worth $22,648,000 after purchasing an additional 6,792 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.76 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The business has a 50 day moving average of $48.69 and a 200-day moving average of $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, January 22nd.

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.