GPS Wealth Strategies Group LLC Sells 15,074 Shares of First Trust Low Duration Opportunities ETF $LMBS

GPS Wealth Strategies Group LLC reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 77.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,334 shares of the company’s stock after selling 15,074 shares during the period. GPS Wealth Strategies Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LMBS. HighTower Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 95.3% during the 4th quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after acquiring an additional 709,693 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth $22,376,000. Axxcess Wealth Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1,602.6% during the 4th quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock worth $20,792,000 after acquiring an additional 391,503 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 46.4% during the 4th quarter. Concurrent Investment Advisors LLC now owns 1,207,824 shares of the company’s stock worth $60,379,000 after acquiring an additional 382,941 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 105.2% during the 4th quarter. Assetmark Inc. now owns 610,372 shares of the company’s stock worth $30,512,000 after acquiring an additional 312,850 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

NASDAQ LMBS opened at $49.66 on Friday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98. The company has a fifty day moving average of $49.92 and a 200-day moving average of $50.04.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, May 21st.

About First Trust Low Duration Opportunities ETF

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.