Sheets Smith Wealth Management Sells 2,000 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Sheets Smith Wealth Management cut its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,700 shares of the company’s stock after selling 2,000 shares during the period. Sheets Smith Wealth Management’s holdings in First Trust Low Duration Opportunities ETF were worth $227,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LMBS. Axxcess Wealth Management LLC raised its holdings in First Trust Low Duration Opportunities ETF by 3.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 15,549 shares of the company’s stock valued at $751,000 after buying an additional 528 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 31.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 74,916 shares of the company’s stock worth $3,620,000 after purchasing an additional 17,976 shares during the period. Benjamin Edwards Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 1,405.7% in the fourth quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock worth $180,000 after purchasing an additional 3,472 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at $292,000. Finally, Y.D. More Investments Ltd bought a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $27,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of LMBS opened at $47.90 on Tuesday. The stock’s 50-day moving average price is $47.99 and its two-hundred day moving average price is $47.89. First Trust Low Duration Opportunities ETF has a 12 month low of $46.58 and a 12 month high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were issued a $0.175 dividend. This represents a $2.10 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.