Cornell Pochily Investment Advisors Inc. Trims Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Cornell Pochily Investment Advisors Inc. cut its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,568 shares of the company’s stock after selling 7,423 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,439,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LMBS. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth $30,000. Riggs Asset Managment Co. Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $76,000. Prospera Private Wealth LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $79,000. Harbor Investment Advisory LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 20.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after acquiring an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after purchasing an additional 611 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.54 on Monday. The company’s 50 day moving average is $48.70 and its 200 day moving average is $48.89. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Wednesday, January 22nd.

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.