First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Petix & Botte Co

Petix & Botte Co lessened its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,042 shares of the company’s stock after selling 34,729 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for about 2.6% of Petix & Botte Co’s holdings, making the stock its 12th biggest position. Petix & Botte Co owned approximately 0.19% of First Trust Low Duration Opportunities ETF worth $11,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LMBS. Betterment LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 11.4% during the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after buying an additional 681 shares in the last quarter. Darwin Wealth Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $8,409,000. Raymond James Financial Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after buying an additional 185,249 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Low Duration Opportunities ETF during the second quarter worth $890,000. Finally, Bank of America Corp DE grew its holdings in First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after acquiring an additional 248,784 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $49.90 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98. The business has a fifty day moving average of $49.98 and a two-hundred day moving average of $50.05.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Tuesday, April 21st.

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.