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

Concurrent Investment Advisors LLC lowered its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 705,499 shares of the company’s stock after selling 47,569 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 0.9% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 16th largest position. Concurrent Investment Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $34,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted 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 purchasing an additional 929,010 shares during the period. Raymond James & Associates boosted 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 purchasing an additional 45,961 shares during the period. Prospera Financial Services Inc boosted its stake in shares of First Trust Low Duration Opportunities ETF by 32.3% during the third quarter. Prospera Financial Services Inc now owns 456,916 shares of the company’s stock valued at $22,586,000 after purchasing an additional 111,451 shares during the period. Private Advisor Group LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 94.9% during the fourth quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock valued at $22,100,000 after purchasing an additional 221,157 shares during the period. Finally, Financial Enhancement Group LLC boosted its stake in shares of 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 valued at $21,258,000 after purchasing an additional 206,322 shares during the period.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of LMBS stock opened at $48.84 on Thursday. The stock has a fifty day moving average of $48.66 and a 200 day moving average of $48.90. 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 Announces Dividend

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

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.