Pine Valley Investments Ltd Liability Co Has $2.23 Million Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Pine Valley Investments Ltd Liability Co cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 45,140 shares of the company’s stock after selling 1,179 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Low Duration Opportunities ETF were worth $2,230,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LMBS. Farther Finance Advisors LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after purchasing an additional 246 shares during the period. Waterloo Capital L.P. raised 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 acquiring an additional 358 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after acquiring an additional 386 shares during the period. Pinnacle Family Advisors LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 4.3% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after purchasing an additional 391 shares in the last quarter. Finally, Holistic Financial Partners increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the third quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after purchasing an additional 419 shares during the period.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of LMBS stock opened at $49.00 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The stock has a fifty day moving average price of $48.88 and a 200 day moving average price of $48.79.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given 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 yield of 4.16%.

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.