Cutter & CO Brokerage Inc. Cuts Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Cutter & CO Brokerage Inc. cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,388 shares of the company’s stock after selling 216 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter valued at $47,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $79,000. Riggs Asset Managment Co. Inc. boosted its holdings in 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 worth $87,000 after buying an additional 250 shares in the last quarter. Kestra Investment Management LLC acquired a new position in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $127,000. Finally, Marshall Investment Management LLC purchased a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $131,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

LMBS stock opened at $49.02 on Thursday. The firm has a 50 day moving average of $48.67 and a 200-day moving average of $48.90. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

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 given a dividend of $0.17 per share. The ex-dividend date is Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.16%.

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.