JPMorgan Chase & Co. Has $6.18 Million Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

JPMorgan Chase & Co. lessened its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 55.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 125,157 shares of the company’s stock after selling 157,698 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of First Trust Low Duration Opportunities ETF worth $6,184,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LMBS. Envestnet Asset Management Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 1.6% in the second quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after acquiring an additional 15,450 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 18.7% in the 2nd quarter. Axxcess Wealth Management LLC now owns 19,070 shares of the company’s stock valued at $916,000 after purchasing an additional 3,000 shares during the period. Waterloo Capital L.P. boosted its holdings in First Trust Low Duration Opportunities ETF by 6.5% in the 2nd 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 during the period. AE Wealth Management LLC grew its position in First Trust Low Duration Opportunities ETF by 5.0% in the 2nd quarter. AE Wealth Management LLC now owns 281,809 shares of the company’s stock worth $13,541,000 after purchasing an additional 13,378 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 9.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after purchasing an additional 11,362 shares during the period.

First Trust Low Duration Opportunities ETF Trading Up 0.4 %

NASDAQ LMBS opened at $48.55 on Thursday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The firm has a 50-day simple moving average of $48.72 and a 200 day simple moving average of $48.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%.

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.