First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Rede Wealth LLC

Rede Wealth LLC lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 23.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,295 shares of the company’s stock after selling 1,646 shares during the period. Rede Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $262,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Cedrus LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 99.5% during the third quarter. Cedrus LLC now owns 48,529 shares of the company’s stock worth $2,398,000 after buying an additional 24,207 shares during the period. Alpha Financial Advisors LLC lifted its stake in First Trust Low Duration Opportunities ETF by 2.1% during the 3rd quarter. Alpha Financial Advisors LLC now owns 94,493 shares of the company’s stock worth $4,669,000 after acquiring an additional 1,943 shares in the last quarter. Raymond James & Associates boosted its holdings in First Trust Low Duration Opportunities ETF by 6.0% during the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after acquiring an additional 45,961 shares during the period. Friedenthal Financial grew its position in First Trust Low Duration Opportunities ETF by 155.7% in the 3rd quarter. Friedenthal Financial now owns 144,833 shares of the company’s stock valued at $7,156,000 after acquiring an additional 88,194 shares in the last quarter. Finally, KMG Fiduciary Partners LLC increased its stake in First Trust Low Duration Opportunities ETF by 28.8% during the third quarter. KMG Fiduciary Partners LLC now owns 41,692 shares of the company’s stock worth $2,060,000 after purchasing an additional 9,314 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of LMBS traded up $0.05 during mid-day trading on Friday, hitting $49.16. 346,325 shares of the company’s stock were exchanged, compared to its average volume of 481,682. The stock’s 50-day moving average is $49.22 and its 200-day moving average is $48.55. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.17 dividend. The ex-dividend date was Thursday, September 26th. This represents a $2.04 annualized dividend and a yield of 4.15%.

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.