Pine Valley Investments Ltd Liability Co Cuts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Pine Valley Investments Ltd Liability Co reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,358 shares of the company’s stock after selling 1,782 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Low Duration Opportunities ETF were worth $2,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% during the third quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock valued at $780,000 after purchasing an additional 246 shares in the last quarter. Claro Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after purchasing an additional 249 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after purchasing an additional 250 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after purchasing an additional 386 shares in the last quarter. Finally, Pinnacle Family Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 4.3% during the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after purchasing an additional 391 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of NASDAQ:LMBS opened at $49.00 on Wednesday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock’s fifty day moving average price is $48.66 and its 200-day moving average price is $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Friday, February 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.