Prime Capital Investment Advisors LLC Sells 5,832 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Prime Capital Investment Advisors LLC lowered its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,052 shares of the company’s stock after selling 5,832 shares during the period. Prime Capital Investment Advisors LLC owned approximately 0.06% of First Trust Low Duration Opportunities ETF worth $2,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMBS. BNP Paribas Financial Markets grew its position in shares of First Trust Low Duration Opportunities ETF by 11,259.3% in the 4th quarter. BNP Paribas Financial Markets now owns 34,078 shares of the company’s stock worth $1,647,000 after buying an additional 33,778 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 12.7% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 16,334 shares of the company’s stock worth $789,000 after buying an additional 1,841 shares during the last quarter. Assetmark Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 52.8% in the 4th quarter. Assetmark Inc. now owns 103,613 shares of the company’s stock worth $5,007,000 after buying an additional 35,815 shares during the last quarter. Abbot Financial Management Inc. grew its position in shares of First Trust Low Duration Opportunities ETF by 1.3% in the 4th quarter. Abbot Financial Management Inc. now owns 18,937 shares of the company’s stock worth $915,000 after buying an additional 238 shares during the last quarter. Finally, JPL Wealth Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $882,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.47 on Tuesday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $49.92. The firm’s 50 day moving average price is $48.92 and its 200-day moving average price is $48.36.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.