LPL Financial LLC Sells 99,549 Shares of First Trust Low Duration Opportunities ETF $LMBS

LPL Financial LLC reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,511,063 shares of the company’s stock after selling 99,549 shares during the period. LPL Financial LLC owned 9.88% of First Trust Low Duration Opportunities ETF worth $575,438,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $26,000. Hazlett Burt & Watson Inc. raised its position in First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $69,000. Pinnacle Bancorp Inc. raised its position in First Trust Low Duration Opportunities ETF by 13.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock worth $187,000 after purchasing an additional 450 shares during the last quarter. Finally, Commonwealth Financial Services LLC bought a new position in First Trust Low Duration Opportunities ETF during the 4th quarter worth $202,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.70 on Tuesday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The business has a fifty day simple moving average of $49.87 and a 200 day simple moving average of $50.03.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, May 21st.

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.