MRA Advisory Group Sells 11,903 Shares of First Trust Low Duration Opportunities ETF $LMBS

MRA Advisory Group trimmed its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 199,464 shares of the company’s stock after selling 11,903 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 4.6% of MRA Advisory Group’s holdings, making the stock its 6th largest holding. MRA Advisory Group owned about 0.19% of First Trust Low Duration Opportunities ETF worth $9,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.4% in the 1st quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 17,990 shares of the company’s stock worth $884,000 after acquiring an additional 252 shares during the last quarter. Abbot Financial Management Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 0.9% in the 1st quarter. Abbot Financial Management Inc. now owns 28,918 shares of the company’s stock worth $1,422,000 after acquiring an additional 259 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% in the 1st quarter. Axxcess Wealth Management LLC now owns 22,111 shares of the company’s stock worth $1,087,000 after acquiring an additional 352 shares during the last quarter. Platform Technology Partners grew its holdings in shares of First Trust Low Duration Opportunities ETF by 5.5% in the 1st quarter. Platform Technology Partners now owns 7,827 shares of the company’s stock worth $385,000 after acquiring an additional 407 shares during the last quarter. Finally, Columbia Advisory Partners LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% in the 1st quarter. Columbia Advisory Partners LLC now owns 27,062 shares of the company’s stock worth $1,330,000 after acquiring an additional 426 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS opened at $49.91 on Monday. The stock’s fifty day simple moving average is $49.43 and its 200 day simple moving average is $49.15. First Trust Low Duration Opportunities ETF has a 52-week low of $48.32 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, August 21st. This represents a c) dividend on an annualized basis and a dividend 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.