Freedom Investment Management Inc. Lowers Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Freedom Investment Management Inc. trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,916 shares of the company’s stock after selling 437 shares during the quarter. Freedom Investment Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $292,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LMBS. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of First Trust Low Duration Opportunities ETF by 2,052.6% in the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after purchasing an additional 449,249 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 third quarter worth about $10,901,000. Financial Enhancement Group LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 87.4% in the third quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after purchasing an additional 206,322 shares during the last quarter. Finally, Foundations Investment Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 449.3% in the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock worth $12,056,000 after purchasing an additional 199,575 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.3 %

Shares of LMBS stock opened at $48.97 on Monday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The stock’s 50-day moving average price is $48.95 and its 200-day moving average price is $48.74.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.04 annualized dividend and a yield of 4.17%.

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.