Commonwealth Financial Services LLC Sells 23,412 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Commonwealth Financial Services LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 78.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,573 shares of the company’s stock after selling 23,412 shares during the quarter. Commonwealth Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. City Holding Co. increased its position in First Trust Low Duration Opportunities ETF by 0.7% in the 2nd quarter. City Holding Co. now owns 40,370 shares of the company’s stock valued at $1,939,000 after acquiring an additional 300 shares in the last quarter. Waterloo Capital L.P. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 6.5% in the second quarter. Waterloo Capital L.P. now owns 5,827 shares of the company’s stock valued at $280,000 after purchasing an additional 358 shares in the last quarter. Insight Inv LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 5.2% in the first quarter. Insight Inv LLC now owns 7,470 shares of the company’s stock valued at $360,000 after purchasing an additional 370 shares in the last quarter. Palisade Asset Management LLC bought a new position in First Trust Low Duration Opportunities ETF in the 1st quarter worth approximately $25,000. Finally, Axxcess Wealth Management LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 3.4% during the 1st quarter. Axxcess Wealth Management LLC now owns 16,070 shares of the company’s stock worth $775,000 after buying an additional 521 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.59 on Monday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $49.92. The stock has a fifty day moving average of $49.01 and a 200-day moving average of $48.40.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.04 annualized dividend 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.