First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 4,590 shares of the company’s stock after selling 230 shares during the period. Sovereign Financial Group Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $221,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Trilogy Capital Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 1.1% in the fourth quarter. Trilogy Capital Inc. now owns 20,531 shares of the company’s stock worth $992,000 after acquiring an additional 231 shares during the last quarter. NBC Securities Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.2% in the 4th quarter. NBC Securities Inc. now owns 19,613 shares of the company’s stock worth $947,000 after purchasing an additional 233 shares during the last quarter. Abbot Financial Management Inc. boosted its position in First Trust Low Duration Opportunities ETF by 1.3% during the 4th quarter. Abbot Financial Management Inc. now owns 18,937 shares of the company’s stock valued at $915,000 after purchasing an additional 238 shares during the period. IFG Advisory LLC grew its stake in First Trust Low Duration Opportunities ETF by 1.8% during the 4th quarter. IFG Advisory LLC now owns 15,021 shares of the company’s stock worth $726,000 after buying an additional 259 shares during the last quarter. Finally, OneAscent Financial Services LLC increased its position 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 buying an additional 334 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS opened at $48.36 on Thursday. The firm has a fifty day moving average of $48.01 and a 200-day moving average of $48.12. First Trust Low Duration Opportunities ETF has a 1 year low of $46.58 and a 1 year high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Tuesday, May 21st.

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.