Creative Planning Reduces Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Creative Planning reduced its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 32.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,233 shares of the company’s stock after selling 6,011 shares during the period. Creative Planning’s holdings in First Trust Low Duration Opportunities ETF were worth $604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LMBS. Hershey Financial Advisers LLC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter worth about $30,000. Hilltop National Bank acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth about $42,000. Chris Bulman Inc acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $43,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $44,000. Finally, Strategic Financial Concepts LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $53,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.66 on Tuesday. The business has a 50-day moving average of $49.16 and a 200 day moving average of $48.62. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 22nd were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Tuesday, October 22nd.

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.