IFP Advisors Inc Sells 70,762 Shares of First Trust Low Duration Opportunities ETF $LMBS

IFP Advisors Inc decreased its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 26.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 199,587 shares of the company’s stock after selling 70,762 shares during the period. IFP Advisors Inc’s holdings in First Trust Low Duration Opportunities ETF were worth $9,672,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LMBS. Rockefeller Capital Management L.P. lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 23.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 314,039 shares of the company’s stock worth $15,699,000 after buying an additional 59,371 shares during the period. Centennial Wealth Advisory LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 90.4% during the first quarter. Centennial Wealth Advisory LLC now owns 250,985 shares of the company’s stock valued at $12,502,000 after buying an additional 119,195 shares during the period. Compass Financial Management LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at $4,397,000. Citadel Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at about $6,829,000. Finally, Independent Wealth Network Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter valued at about $2,285,000.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of LMBS stock opened at $48.73 on Friday. The stock’s 50-day moving average is $49.15 and its 200 day moving average is $49.57. First Trust Low Duration Opportunities ETF has a 1-year low of $47.60 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Thursday, September 24th.

About First Trust Low Duration Opportunities ETF

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.