IFG Advisory LLC Reduces Position in First Trust Low Duration Opportunities ETF $LMBS

IFG Advisory LLC decreased its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 50.9% during the 3rd quarter, Holdings Channel reports. The firm owned 12,614 shares of the company’s stock after selling 13,083 shares during the period. IFG Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $628,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CX Institutional bought a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $28,000. Financial Network Wealth Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $29,000. Hollencrest Capital Management bought a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at about $31,000. Hazlett Burt & Watson Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after acquiring an additional 400 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $67,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $50.18 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 and a 1 year high of $51.98. The business’s 50-day moving average is $50.19 and its 200 day moving average is $50.01.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.17 dividend. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a yield of 4.1%.

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.