RiverTree Advisors LLC Decreases Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

RiverTree Advisors LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 226,416 shares of the company’s stock after selling 4,019 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 7.2% of RiverTree Advisors LLC’s portfolio, making the stock its 2nd biggest holding. RiverTree Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $11,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LPL Financial LLC boosted its stake 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 valued at $422,985,000 after buying an additional 929,010 shares during the last quarter. Long Run Wealth Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $10,901,000. Financial Enhancement Group LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 87.4% during the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock valued at $21,258,000 after buying an additional 206,322 shares in the last quarter. Foundations Investment Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 449.3% during the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after purchasing an additional 199,575 shares during the period. Finally, First International Bank & Trust bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $9,657,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $48.72 on Monday. The business’s 50 day moving average price is $48.71 and its 200-day moving average price is $48.88. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 4.19%.

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.