SSI Investment Management LLC Sells 37,598 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

SSI Investment Management LLC lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 27.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,106 shares of the company’s stock after selling 37,598 shares during the quarter. SSI Investment Management LLC owned about 0.10% of First Trust Low Duration Opportunities ETF worth $4,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth about $47,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $79,000. Riggs Asset Managment Co. Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 16.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth about $116,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth about $127,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.11 on Tuesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The company’s 50-day moving average is $48.80 and its 200 day moving average is $48.91.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.17 dividend. The ex-dividend date was Friday, February 21st. 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.