First Trust Low Duration Opportunities ETF $LMBS Holdings Lowered by KOM Wealth Management Group LLC

KOM Wealth Management Group LLC lowered its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 90.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,301 shares of the company’s stock after selling 42,332 shares during the quarter. KOM Wealth Management Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Split Rock Private Trading & Wealth Management LLC boosted its stake in First Trust Low Duration Opportunities ETF by 28.7% during the 3rd quarter. Split Rock Private Trading & Wealth Management LLC now owns 54,752 shares of the company’s stock valued at $2,653,000 after acquiring an additional 12,205 shares during the last quarter. Signal Advisors Wealth LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 15.5% in the 3rd quarter. Signal Advisors Wealth LLC now owns 5,306 shares of the company’s stock worth $257,000 after purchasing an additional 714 shares during the last quarter. Ifrah Financial Services Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $1,801,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $622,000. Finally, Prism Advisors Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 8.7% in the 3rd quarter. Prism Advisors Inc. now owns 344,206 shares of the company’s stock valued at $16,746,000 after purchasing an additional 27,635 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

Shares of LMBS stock opened at $48.75 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $47.60 and a one year high of $51.98. The company’s 50-day simple moving average is $49.17 and its 200-day simple moving average is $49.57.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 24th.

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.