Allworth Financial LP Reduces Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Allworth Financial LP lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,690 shares of the company’s stock after selling 2,457 shares during the period. Allworth Financial LP’s holdings in First Trust Low Duration Opportunities ETF were worth $1,022,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 7.8% during the second quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock worth $366,703,000 after buying an additional 550,017 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock worth $96,656,000 after buying an additional 10,854 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after buying an additional 15,450 shares in the last quarter. Cetera Investment Advisers grew its position 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 buying an additional 140,132 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after buying an additional 45,961 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $48.71 on Tuesday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The firm has a 50 day simple moving average of $49.20 and a 200-day simple moving average of $48.59.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, October 22nd.

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.