PFG Advisors Has $671,000 Stock Position in First Trust Low Duration Opportunities ETF $LMBS

PFG Advisors cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,622 shares of the company’s stock after selling 2,052 shares during the quarter. PFG Advisors’ holdings in First Trust Low Duration Opportunities ETF were worth $671,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 11.2% during the 1st quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock worth $167,648,000 after acquiring an additional 343,406 shares during the period. HighTower Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 92.9% during the 1st quarter. HighTower Advisors LLC now owns 706,227 shares of the company’s stock valued at $34,718,000 after purchasing an additional 340,107 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in First Trust Low Duration Opportunities ETF by 104.0% during the second quarter. Vestmark Advisory Solutions Inc. now owns 363,206 shares of the company’s stock worth $17,892,000 after purchasing an additional 185,184 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter worth approximately $8,650,000. Finally, Geneos Wealth Management Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 139.0% in the first quarter. Geneos Wealth Management Inc. now owns 300,098 shares of the company’s stock valued at $14,753,000 after buying an additional 174,545 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of LMBS stock opened at $50.04 on Wednesday. The firm has a 50 day moving average of $49.92 and a 200-day moving average of $49.43. First Trust Low Duration Opportunities ETF has a 52 week low of $48.32 and a 52 week high of $50.25.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Tuesday, October 21st were issued a $0.17 dividend. The ex-dividend date was Tuesday, October 21st. 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.