Gradient Investments LLC Sells 721,065 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Gradient Investments LLC reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 99.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,334 shares of the company’s stock after selling 721,065 shares during the quarter. Gradient Investments LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $260,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LMBS. LPL Financial LLC lifted its position in First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after buying an additional 929,010 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Low Duration Opportunities ETF by 17.5% during the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock worth $45,178,000 after acquiring an additional 140,132 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 6.0% in the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after acquiring an additional 45,961 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 7.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock valued at $37,209,000 after purchasing an additional 48,939 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 12.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 698,281 shares of the company’s stock valued at $33,552,000 after purchasing an additional 78,879 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of NASDAQ:LMBS opened at $48.54 on Monday. The company’s fifty day moving average is $48.70 and its 200 day moving average is $48.89. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.20%.

About First Trust Low Duration Opportunities ETF

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.