First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 38.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,701 shares of the company’s stock after selling 2,338 shares during the quarter. US Bancorp DE’s holdings in First Trust Low Duration Opportunities ETF were worth $183,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 7.8% in the 2nd quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after purchasing an additional 550,017 shares during the period. Brookstone Capital Management increased its position in shares of First Trust Low Duration Opportunities ETF by 2,052.6% in the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock worth $22,944,000 after acquiring an additional 449,249 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Low Duration Opportunities ETF by 114.6% in the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after acquiring an additional 427,232 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 449.3% during the 3rd quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after purchasing an additional 199,575 shares during the period. Finally, First International Bank & Trust acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter worth $9,657,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.67 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock has a 50-day moving average price of $49.11 and a 200 day moving average price of $48.66.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.