Renaissance Technologies LLC Reduces Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Renaissance Technologies LLC decreased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 33.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 300,558 shares of the company’s stock after selling 150,842 shares during the quarter. Renaissance Technologies LLC owned 0.35% of First Trust Low Duration Opportunities ETF worth $14,442,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMBS. BNP Paribas Financial Markets increased its stake in First Trust Low Duration Opportunities ETF by 11,259.3% in the fourth quarter. BNP Paribas Financial Markets now owns 34,078 shares of the company’s stock worth $1,647,000 after purchasing an additional 33,778 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 17.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 387,766 shares of the company’s stock valued at $18,737,000 after buying an additional 58,656 shares in the last quarter. US Bancorp DE lifted its holdings in First Trust Low Duration Opportunities ETF by 45.0% during the 4th quarter. US Bancorp DE now owns 21,378 shares of the company’s stock valued at $1,033,000 after buying an additional 6,632 shares in the last quarter. Advisory Services Network LLC boosted its position in First Trust Low Duration Opportunities ETF by 1.6% in the 4th quarter. Advisory Services Network LLC now owns 44,458 shares of the company’s stock valued at $2,148,000 after buying an additional 693 shares during the period. Finally, Focus Financial Network Inc. ADV bought a new position in First Trust Low Duration Opportunities ETF in the 4th quarter worth about $662,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of NASDAQ:LMBS opened at $49.59 on Friday. The firm’s 50 day simple moving average is $49.01 and its 200-day simple moving average is $48.40. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $49.92.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

About First Trust Low Duration Opportunities ETF

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.