Gateway Wealth Partners LLC Reduces Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Gateway Wealth Partners LLC trimmed its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,166 shares of the company’s stock after selling 529 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $981,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LMBS. LPL Financial LLC lifted its position in First Trust Low Duration Opportunities ETF by 12.2% during the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after acquiring an additional 929,010 shares during the period. Long Run Wealth Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $10,901,000. Financial Enhancement Group LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 87.4% during the third quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock valued at $21,258,000 after purchasing an additional 206,322 shares during the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 449.3% during the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after purchasing an additional 199,575 shares during the last quarter. Finally, First International Bank & Trust purchased a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $9,657,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of LMBS stock opened at $48.69 on Wednesday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The company has a 50 day simple moving average of $48.70 and a two-hundred day simple moving average of $48.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%.

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.