Abbot Financial Management Inc. Has $944,000 Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Posted by Scott Moore on Sep 17th, 2024

Abbot Financial Management Inc. reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,647 shares of the company’s stock after selling 367 shares during the quarter. Abbot Financial Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $944,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LMBS. Palisade Asset Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the first quarter worth $25,000. Hilltop National Bank bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at about $42,000. Chris Bulman Inc bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth about $43,000. Triad Wealth Partners LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $44,000. Finally, GAMMA Investing LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $62,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of LMBS opened at $49.47 on Tuesday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $49.92. The business has a 50-day simple moving average of $48.92 and a two-hundred day simple moving average of $48.36.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, August 21st.

First Trust Low Duration Opportunities ETF Company Profile

(Free Report)

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.