Benjamin Edwards Inc. Decreases Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Benjamin Edwards Inc. lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 27.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,953 shares of the company’s stock after selling 1,862 shares during the period. Benjamin Edwards Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $238,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in First Trust Low Duration Opportunities ETF by 7.8% during the 2nd quarter. LPL Financial LLC now owns 7,631,699 shares of the company’s stock valued at $366,703,000 after buying an additional 550,017 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after buying an additional 10,854 shares during the period. Global Assets Advisory LLC raised its holdings in First Trust Low Duration Opportunities ETF by 4,688.2% during the 1st quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after buying an additional 1,263,932 shares during the period. Envestnet Asset Management Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock valued at $46,321,000 after buying an additional 15,450 shares during the period. Finally, Cetera Investment Advisers raised its holdings in First Trust Low Duration Opportunities ETF by 114.6% during the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after buying an additional 427,232 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $49.59 on Friday. The stock’s fifty day moving average is $49.01 and its 200 day moving average is $48.40. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.11%.

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.