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

Cornell Pochily Investment Advisors Inc. trimmed its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,839 shares of the company’s stock after selling 1,356 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of First Trust Low Duration Opportunities ETF by 137.7% during the first quarter. Bank of New York Mellon Corp now owns 20,469 shares of the company’s stock worth $1,002,000 after acquiring an additional 11,859 shares during the last quarter. Raymond James Trust N.A. boosted its position in First Trust Low Duration Opportunities ETF by 32.5% in the first quarter. Raymond James Trust N.A. now owns 18,059 shares of the company’s stock valued at $884,000 after buying an additional 4,427 shares during the last quarter. Moors & Cabot Inc. boosted its position in First Trust Low Duration Opportunities ETF by 27.9% in the first quarter. Moors & Cabot Inc. now owns 18,656 shares of the company’s stock valued at $913,000 after buying an additional 4,073 shares during the last quarter. Baird Financial Group Inc. boosted its position in First Trust Low Duration Opportunities ETF by 2.1% in the first quarter. Baird Financial Group Inc. now owns 696,622 shares of the company’s stock valued at $34,100,000 after buying an additional 14,231 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in First Trust Low Duration Opportunities ETF by 53.3% in the first quarter. NewEdge Advisors LLC now owns 313,633 shares of the company’s stock valued at $15,352,000 after buying an additional 109,087 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

NASDAQ:LMBS traded down $0.06 during trading hours on Thursday, reaching $48.26. The company had a trading volume of 80,173 shares, compared to its average volume of 488,683. First Trust Low Duration Opportunities ETF has a 1-year low of $46.58 and a 1-year high of $48.55. The business’s 50 day moving average price is $48.19 and its 200-day moving average price is $47.77.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be given a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, March 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.