Inspirion Wealth Advisors LLC Sells 16,298 Shares of First Trust Low Duration Opportunities ETF $LMBS

Inspirion Wealth Advisors LLC decreased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.8% during the 4th quarter, HoldingsChannel reports. The fund owned 408,340 shares of the company’s stock after selling 16,298 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 2.5% of Inspirion Wealth Advisors LLC’s portfolio, making the stock its 14th biggest holding. Inspirion Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $20,413,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,740 shares of the company’s stock valued at $1,584,000 after purchasing an additional 2,229 shares during the period. Grove Bank & Trust increased its holdings in shares of First Trust Low Duration Opportunities ETF by 4.6% during the 4th quarter. Grove Bank & Trust now owns 196,710 shares of the company’s stock worth $9,834,000 after purchasing an additional 8,696 shares during the period. Genesis Private Wealth LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 7.9% during the fourth quarter. Genesis Private Wealth LLC now owns 131,567 shares of the company’s stock valued at $6,577,000 after buying an additional 9,640 shares during the last quarter. Maridea Wealth Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 21.6% in the fourth quarter. Maridea Wealth Management LLC now owns 34,543 shares of the company’s stock valued at $1,727,000 after buying an additional 6,142 shares during the period. Finally, Lake Street Private Wealth LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 7.6% in the fourth quarter. Lake Street Private Wealth LLC now owns 5,945 shares of the company’s stock valued at $297,000 after buying an additional 419 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $49.88 on Monday. First Trust Low Duration Opportunities ETF has a twelve month low of $48.37 and a twelve month high of $51.98. The business’s 50-day simple moving average is $50.21 and its 200 day simple moving average is $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

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

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.