JPMorgan Chase & Co. Has $6.18 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

JPMorgan Chase & Co. lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 55.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 125,157 shares of the company’s stock after selling 157,698 shares during the period. JPMorgan Chase & Co.’s holdings in First Trust Low Duration Opportunities ETF were worth $6,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Beacon Financial Advisory LLC raised its stake in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock worth $343,000 after acquiring an additional 754 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after purchasing an additional 11,362 shares during the last quarter. TFB Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 13.8% during the 3rd quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock worth $657,000 after purchasing an additional 1,613 shares in the last quarter. AE Wealth Management LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 5.0% during the 2nd quarter. AE Wealth Management LLC now owns 281,809 shares of the company’s stock worth $13,541,000 after purchasing an additional 13,378 shares in the last quarter. Finally, TL Private Wealth lifted its holdings in First Trust Low Duration Opportunities ETF by 0.9% during the 3rd quarter. TL Private Wealth now owns 305,513 shares of the company’s stock valued at $14,943,000 after purchasing an additional 2,686 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.4 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.55 on Thursday. The firm’s 50-day moving average price is $48.72 and its two-hundred day moving average price is $48.86. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 4.20%.

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.