First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Summit Wealth Partners LLC

Summit Wealth Partners LLC reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.5% in the 2nd quarter, Holdings Channel reports. The fund owned 9,485 shares of the company’s stock after selling 548 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Global Assets Advisory LLC raised its holdings in First Trust Low Duration Opportunities ETF by 4,688.2% in the 1st quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock worth $62,286,000 after purchasing an additional 1,263,932 shares during the period. LPL Financial LLC increased its holdings in 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 worth $366,703,000 after acquiring an additional 550,017 shares in the last quarter. Trilogy Capital Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 2,194.1% in the 1st quarter. Trilogy Capital Inc. now owns 471,010 shares of the company’s stock worth $22,726,000 after acquiring an additional 450,479 shares in the last quarter. Brookstone Capital Management lifted its holdings in First Trust Low Duration Opportunities ETF by 2,052.6% during the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after purchasing an additional 449,249 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of First Trust Low Duration Opportunities ETF by 114.6% in the first quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after purchasing an additional 427,232 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

Shares of LMBS opened at $49.47 on Wednesday. The stock has a 50 day moving average price of $49.13 and a 200 day moving average price of $48.46. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $2.04 dividend on an annualized basis and a yield of 4.12%.

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.