Truist Financial Corp Reduces Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Truist Financial Corp lessened its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,477 shares of the company’s stock after selling 11,564 shares during the period. Truist Financial Corp owned approximately 0.29% of First Trust Low Duration Opportunities ETF worth $12,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at about $25,000. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $30,000. Hilltop National Bank purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $42,000. Chris Bulman Inc acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $43,000. Finally, Triad Wealth Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $44,000.

First Trust Low Duration Opportunities ETF Trading Down 0.4 %

LMBS opened at $49.14 on Friday. The firm has a fifty day moving average price of $49.17 and a 200 day moving average price of $48.48. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year 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. Shareholders of record on Thursday, September 26th were given a $0.17 dividend. The ex-dividend date was Thursday, September 26th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%.

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.