HBK Sorce Advisory LLC Sells 354 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

HBK Sorce Advisory LLC reduced its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 6,205 shares of the company’s stock after selling 354 shares during the period. HBK Sorce Advisory LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $302,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $47,000. Prospera Private Wealth LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter worth approximately $79,000. Riggs Asset Managment Co. Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after purchasing an additional 250 shares during the period. Synergy Investment Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $116,000. Finally, Kestra Investment Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $127,000.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of NASDAQ:LMBS opened at $49.08 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49. The stock’s 50 day moving average is $48.79 and its 200-day moving average is $48.91.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, February 21st.

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.