Concurrent Investment Advisors LLC Cuts Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Concurrent Investment Advisors LLC lowered its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.7% in the second quarter, Holdings Channel.com reports. The firm owned 1,315,350 shares of the company’s stock after selling 109,490 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 0.6% of Concurrent Investment Advisors LLC’s holdings, making the stock its 24th largest position. Concurrent Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $65,478,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Certified Advisory Corp increased its position in First Trust Low Duration Opportunities ETF by 3.2% during the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock worth $321,000 after purchasing an additional 200 shares during the period. Helium Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.0% in the 1st quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock valued at $1,039,000 after buying an additional 210 shares during the period. Valley Financial Group Inc. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.9% in the 3rd quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after buying an additional 246 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in shares of 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 buying an additional 250 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 0.7% in the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock valued at $2,375,000 after buying an additional 318 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of LMBS stock opened at $49.45 on Friday. The business’s fifty day moving average price is $49.62 and its 200 day moving average price is $49.84. 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 business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, August 21st.

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.