GPS Wealth Strategies Group LLC Sells 15,074 Shares of First Trust Low Duration Opportunities ETF $LMBS

GPS Wealth Strategies Group LLC cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,334 shares of the company’s stock after selling 15,074 shares during the period. GPS Wealth Strategies Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. TrueWealth Advisors LLC lifted its stake in First Trust Low Duration Opportunities ETF by 3.7% in the fourth quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock worth $290,000 after purchasing an additional 209 shares during the last quarter. Condor Capital Management lifted its stake in First Trust Low Duration Opportunities ETF by 0.4% in the third quarter. Condor Capital Management now owns 50,896 shares of the company’s stock worth $2,534,000 after purchasing an additional 228 shares during the last quarter. Lion Street Advisors LLC lifted its stake in First Trust Low Duration Opportunities ETF by 5.7% in the third quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock worth $222,000 after purchasing an additional 236 shares during the last quarter. Valley Financial Group Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 1.9% in the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock worth $663,000 after purchasing an additional 246 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 5.5% in the third quarter. Koshinski Asset Management Inc. now owns 5,870 shares of the company’s stock worth $292,000 after purchasing an additional 307 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $49.66 on Friday. The firm has a fifty day simple moving average of $49.92 and a two-hundred day simple moving average of $50.04. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.1%.

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.