First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,940 shares of the company’s stock after selling 1,185 shares during the period. Sargent Investment Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Riggs Asset Managment Co. Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth about $76,000. Prospera Private Wealth LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $79,000. Harbor Investment Advisory LLC increased its position in First Trust Low Duration Opportunities ETF by 20.1% in the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after acquiring an additional 459 shares during the period. Pinnacle Bancorp Inc. increased its position in First Trust Low Duration Opportunities ETF by 23.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after acquiring an additional 611 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $203,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $48.81 on Thursday. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49. The stock’s 50-day moving average price is $48.70 and its 200 day moving average price is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date was Wednesday, January 22nd.

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.