Avestar Capital LLC Sells 1,738 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Avestar Capital LLC lessened its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 17,203 shares of the company’s stock after selling 1,738 shares during the quarter. Avestar Capital LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $837,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC raised its holdings 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 worth $422,985,000 after purchasing an additional 929,010 shares during the last quarter. Fairvoy Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth $11,777,000. Long Run Wealth Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF during the third quarter worth $10,901,000. Financial Enhancement Group LLC raised its stake in 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 worth $21,258,000 after buying an additional 206,322 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 449.3% in the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after buying an additional 199,575 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.3 %

Shares of LMBS opened at $48.78 on Friday. The firm’s fifty day simple moving average is $48.68 and its two-hundred day simple moving average is $48.90. 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 Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a yield of 4.18%.

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.