RFG Advisory LLC Trims Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

RFG Advisory LLC lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,397 shares of the company’s stock after selling 1,574 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMBS. Team Financial Group LLC grew its stake in First Trust Low Duration Opportunities ETF by 88.2% in the 4th quarter. Team Financial Group LLC now owns 7,971 shares of the company’s stock worth $388,000 after buying an additional 3,735 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 21.1% during the 4th quarter. Secure Asset Management LLC now owns 120,064 shares of the company’s stock worth $5,844,000 after acquiring an additional 20,899 shares during the last quarter. Mutual Advisors LLC grew its position in First Trust Low Duration Opportunities ETF by 31.5% in the fourth quarter. Mutual Advisors LLC now owns 52,204 shares of the company’s stock worth $2,542,000 after acquiring an additional 12,495 shares in the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Low Duration Opportunities ETF by 17.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 299,503 shares of the company’s stock worth $14,577,000 after acquiring an additional 44,167 shares in the last quarter. Finally, Braun Bostich & Associates Inc. increased its stake in First Trust Low Duration Opportunities ETF by 4.7% in the fourth quarter. Braun Bostich & Associates Inc. now owns 84,257 shares of the company’s stock valued at $4,101,000 after acquiring an additional 3,781 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of LMBS stock opened at $48.60 on Tuesday. The business has a 50-day moving average price of $48.70 and a two-hundred day moving average price of $48.89. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

First Trust Low Duration Opportunities ETF 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.