NewEdge Advisors LLC Sells 155,982 Shares of First Trust Low Duration Opportunities ETF $LMBS

NewEdge Advisors LLC decreased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 48.6% during the 1st quarter, HoldingsChannel reports. The fund owned 165,028 shares of the company’s stock after selling 155,982 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $8,220,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Certified Advisory Corp increased its holdings in First Trust Low Duration Opportunities ETF by 3.2% in the 1st quarter. Certified Advisory Corp now owns 6,452 shares of the company’s stock worth $321,000 after purchasing an additional 200 shares in the last quarter. Helium Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 1.0% in the first quarter. Helium Advisors LLC now owns 20,861 shares of the company’s stock valued at $1,039,000 after purchasing an additional 210 shares during the last quarter. Valley Financial Group Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 1.9% during the third quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock valued at $663,000 after purchasing an additional 246 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing an additional 250 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 0.7% during the first quarter. Sanctuary Advisors LLC now owns 47,689 shares of the company’s stock worth $2,375,000 after purchasing an additional 318 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

First Trust Low Duration Opportunities ETF stock opened at $49.53 on Friday. The business has a 50 day moving average of $49.72 and a 200-day moving average of $49.95. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 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.