Concourse Financial Group Securities Inc. Sells 1,062 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Concourse Financial Group Securities Inc. decreased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,969 shares of the company’s stock after selling 1,062 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lion Street Advisors LLC bought a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $206,000. Pinnacle Bancorp Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after buying an additional 611 shares during the period. TL Private Wealth raised its holdings in First Trust Low Duration Opportunities ETF by 0.9% during the 3rd quarter. TL Private Wealth now owns 305,513 shares of the company’s stock worth $14,943,000 after buying an additional 2,686 shares during the period. Patten Group Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 13.5% during the 3rd quarter. Patten Group Inc. now owns 28,683 shares of the company’s stock worth $1,417,000 after buying an additional 3,421 shares during the period. Finally, CWM LLC raised its holdings in First Trust Low Duration Opportunities ETF by 132.5% during the 3rd quarter. CWM LLC now owns 109,044 shares of the company’s stock worth $5,388,000 after buying an additional 62,142 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.11 on Monday. The company’s 50 day moving average price is $49.20 and its two-hundred day moving average price is $48.52. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

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.