NewEdge Advisors LLC Sells 155,982 Shares of First Trust Low Duration Opportunities ETF $LMBS

NewEdge Advisors LLC reduced its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 48.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,028 shares of the company’s stock after selling 155,982 shares during the period. NewEdge Advisors LLC owned approximately 0.13% of First Trust Low Duration Opportunities ETF worth $8,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Betterment LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 11.4% in the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock valued at $329,000 after purchasing an additional 681 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth $8,409,000. Raymond James Financial Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock worth $177,115,000 after buying an additional 185,249 shares during the last quarter. Jane Street Group LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at about $890,000. Finally, Bank of America Corp DE boosted its stake in First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after buying an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1%

First Trust Low Duration Opportunities ETF stock opened at $49.53 on Friday. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98. The business’s 50-day moving average price is $49.72 and its two-hundred day moving average price is $49.95.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, July 21st.

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.