Private Trust Co. NA Decreases Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Private Trust Co. NA decreased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 26,653 shares of the company’s stock after selling 1,014 shares during the period. Private Trust Co. NA’s holdings in First Trust Low Duration Opportunities ETF were worth $1,317,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in First Trust Low Duration Opportunities ETF by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock worth $96,656,000 after purchasing an additional 10,854 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock valued at $46,321,000 after purchasing an additional 15,450 shares in the last quarter. Cetera Investment Advisers raised its position in First Trust Low Duration Opportunities ETF by 17.5% in the second quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after purchasing an additional 140,132 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after purchasing an additional 45,961 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.3 %

LMBS stock opened at $48.76 on Tuesday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The stock has a 50-day simple moving average of $49.00 and a 200-day simple moving average of $48.72.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.