First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Miracle Mile Advisors LLC

Posted by Defense World Staff on Oct 9th, 2024

Miracle Mile Advisors LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 93.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,650 shares of the company’s stock after selling 186,586 shares during the quarter. Miracle Mile Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $625,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LMBS. First International Bank & Trust purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $9,657,000. Inspirion Wealth Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 53.9% during the 3rd quarter. Inspirion Wealth Advisors LLC now owns 424,638 shares of the company’s stock valued at $20,981,000 after purchasing an additional 148,744 shares in the last quarter. MRA Advisory Group raised its holdings in shares of First Trust Low Duration Opportunities ETF by 18.9% in the third quarter. MRA Advisory Group now owns 195,011 shares of the company’s stock worth $9,635,000 after buying an additional 30,944 shares during the last quarter. Private Client Services LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter worth $357,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $2,431,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.07 on Wednesday. The stock’s fifty day moving average price is $49.18 and its 200 day moving average price is $48.49. 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 issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust Low Duration Opportunities ETF Profile

(Free Report)

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.