Prime Capital Investment Advisors LLC Sells 1,984 Shares of First Trust Low Duration Opportunities ETF $LMBS

Prime Capital Investment Advisors LLC cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,568 shares of the company’s stock after selling 1,984 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1,812.4% during the first quarter. Golden State Wealth Management LLC now owns 4,781 shares of the company’s stock worth $235,000 after buying an additional 4,531 shares in the last quarter. Dynamic Advisor Solutions LLC grew its stake in First Trust Low Duration Opportunities ETF by 14.8% in the first quarter. Dynamic Advisor Solutions LLC now owns 9,933 shares of the company’s stock valued at $488,000 after purchasing an additional 1,282 shares in the last quarter. Sowell Financial Services LLC bought a new position in First Trust Low Duration Opportunities ETF in the first quarter valued at approximately $298,000. Wealth Enhancement Advisory Services LLC grew its stake in First Trust Low Duration Opportunities ETF by 25.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 38,074 shares of the company’s stock valued at $1,872,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Signal Advisors Wealth LLC grew its stake in First Trust Low Duration Opportunities ETF by 23.4% in the second quarter. Signal Advisors Wealth LLC now owns 5,657 shares of the company’s stock valued at $279,000 after purchasing an additional 1,073 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $49.88 on Thursday. The business has a 50 day moving average price of $49.67 and a two-hundred day moving average price of $49.24. First Trust Low Duration Opportunities ETF has a twelve month low of $48.32 and a twelve month high of $50.25.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.17 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Thursday, September 25th.

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.