Ifrah Financial Services Inc. Trims Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Ifrah Financial Services Inc. lessened its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,686 shares of the company’s stock after selling 960 shares during the quarter. Ifrah Financial Services Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,579,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Y.D. More Investments Ltd bought a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $27,000. Harbor Investment Advisory LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 26.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock worth $104,000 after acquiring an additional 445 shares during the period. Benjamin Edwards Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 1,405.7% during the fourth quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock valued at $180,000 after acquiring an additional 3,472 shares in the last quarter. CWM LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 17.1% in the fourth quarter. CWM LLC now owns 4,658 shares of the company’s stock valued at $225,000 after purchasing an additional 679 shares during the period. Finally, OneAscent Financial Services LLC grew its stake in First Trust Low Duration Opportunities ETF by 7.7% in the fourth quarter. OneAscent Financial Services LLC now owns 4,669 shares of the company’s stock worth $226,000 after purchasing an additional 334 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

LMBS traded up $0.14 during trading on Friday, hitting $47.89. 210,752 shares of the stock were exchanged, compared to its average volume of 505,719. First Trust Low Duration Opportunities ETF has a 1 year low of $46.58 and a 1 year high of $48.55. The firm has a 50 day simple moving average of $48.00 and a 200 day simple moving average of $47.87.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th were paid a dividend of $0.175 per share. The ex-dividend date was Tuesday, April 23rd. This represents a $2.10 annualized dividend and a dividend yield of 4.39%.

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.