LPL Financial LLC Has $575.44 Million Position in First Trust Low Duration Opportunities ETF $LMBS

LPL Financial LLC reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,511,063 shares of the company’s stock after selling 99,549 shares during the quarter. LPL Financial LLC owned 0.10% of First Trust Low Duration Opportunities ETF worth $575,438,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Center For Asset Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter worth about $1,555,000. Secure Asset Management LLC grew its holdings in First Trust Low Duration Opportunities ETF by 4.9% during the 4th quarter. Secure Asset Management LLC now owns 252,620 shares of the company’s stock worth $12,628,000 after acquiring an additional 11,896 shares during the period. Aaron Wealth Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 30.9% in the 4th quarter. Aaron Wealth Advisors LLC now owns 458,338 shares of the company’s stock valued at $22,912,000 after buying an additional 108,212 shares during the period. Embree Financial Group acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $861,000. Finally, Endowment Wealth Management Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 29.9% in the 3rd quarter. Endowment Wealth Management Inc. now owns 70,426 shares of the company’s stock valued at $3,506,000 after buying an additional 16,203 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.70 on Tuesday. The stock has a 50-day moving average of $49.87 and a 200-day moving average of $50.03. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a $0.17 dividend. The ex-dividend date was Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.