B. Riley Wealth Advisors Inc. Sells 6,325 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

B. Riley Wealth Advisors Inc. lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 47.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,055 shares of the company’s stock after selling 6,325 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hershey Financial Advisers LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at about $30,000. Chris Bulman Inc acquired a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $43,000. Strategic Financial Concepts LLC bought a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $53,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter worth approximately $76,000. Finally, Prospera Private Wealth LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $79,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.58 on Friday. The stock has a fifty day simple moving average of $48.82 and a 200 day simple moving average of $48.82. 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 company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Friday, December 13th.

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.