Freedom Investment Management Inc. Sells 437 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Freedom Investment Management Inc. decreased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,916 shares of the company’s stock after selling 437 shares during the period. Freedom Investment Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Beacon Financial Advisory LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock worth $343,000 after purchasing an additional 754 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 691.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,531 shares of the company’s stock worth $745,000 after purchasing an additional 13,569 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 45,426 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,524 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth $53,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 9.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after buying an additional 11,362 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.97 on Monday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock’s fifty day moving average price is $48.95 and its 200-day moving average price is $48.74.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.17%.

First Trust Low Duration Opportunities ETF Company 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.