Silver Oak Securities Incorporated Sells 61,649 Shares of First Trust Low Duration Opportunities ETF $LMBS

Silver Oak Securities Incorporated trimmed its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 51.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,167 shares of the company’s stock after selling 61,649 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust Low Duration Opportunities ETF were worth $2,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $26,000. Bank of Montreal Can raised its holdings in shares of First Trust Low Duration Opportunities ETF by 169.0% in the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing an additional 250 shares during the last quarter. Motiv8 Investments LLC purchased a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $56,000. Finally, Flagship Harbor Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF during the fourth quarter valued at $69,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.94 on Thursday. The business has a fifty day simple moving average of $49.87 and a two-hundred day simple moving average of $50.01. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

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