Stratos Investment Management LLC Cuts Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Stratos Investment Management LLC lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,331 shares of the company’s stock after selling 1,690 shares during the period. Stratos Investment Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $308,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after buying an additional 929,010 shares during the period. Raymond James & Associates increased its stake in shares of First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after buying an additional 45,961 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 7.0% during the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock valued at $37,209,000 after buying an additional 48,939 shares during the period. Trilogy Capital Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 5.0% during the third quarter. Trilogy Capital Inc. now owns 488,969 shares of the company’s stock valued at $24,160,000 after buying an additional 23,129 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of First Trust Low Duration Opportunities ETF by 0.3% during the third quarter. Brookstone Capital Management now owns 472,500 shares of the company’s stock valued at $23,346,000 after buying an additional 1,364 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $48.81 on Thursday. The stock’s fifty day moving average price is $48.70 and its 200-day moving average price is $48.89. 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 business also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.17 dividend. 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 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.