Capital Market Strategies LLC Has $404,000 Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Capital Market Strategies LLC reduced its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,171 shares of the company’s stock after selling 858 shares during the quarter. Capital Market Strategies LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 691.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock valued at $745,000 after buying an additional 13,569 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 3.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,524 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 14.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 265,375 shares of the company’s stock worth $12,804,000 after purchasing an additional 33,604 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $53,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after purchasing an additional 11,362 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

First Trust Low Duration Opportunities ETF stock opened at $49.32 on Friday. The company’s 50-day moving average is $49.16 and its 200-day moving average is $48.47. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, September 26th. This represents a $2.04 annualized dividend and a dividend yield of 4.14%.

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.