Summit Wealth Partners LLC Lowers Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Summit Wealth Partners LLC lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LMBS. Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 1st quarter valued at about $25,000. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $30,000. Hilltop National Bank acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $42,000. Chris Bulman Inc purchased a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth $43,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $44,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.47 on Wednesday. The business has a fifty day moving average of $49.13 and a 200 day moving average of $48.46. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.