Tanager Wealth Management LLP Reduces Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Tanager Wealth Management LLP lessened its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 16.5% during the 4th quarter, Holdings Channel reports. The firm owned 9,419 shares of the company’s stock after selling 1,860 shares during the quarter. Tanager Wealth Management LLP’s holdings in First Trust Low Duration Opportunities ETF were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Northwest Wealth Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% in the 3rd quarter. Northwest Wealth Management LLC now owns 7,739 shares of the company’s stock valued at $366,000 after purchasing an additional 216 shares during the period. Trilogy Capital Inc. raised its position in First Trust Low Duration Opportunities ETF by 1.1% during the fourth quarter. Trilogy Capital Inc. now owns 20,531 shares of the company’s stock worth $992,000 after acquiring an additional 231 shares during the period. IFG Advisory LLC raised its position in First Trust Low Duration Opportunities ETF by 1.8% during the fourth quarter. IFG Advisory LLC now owns 15,021 shares of the company’s stock worth $726,000 after acquiring an additional 259 shares during the period. Alpha Financial Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 0.3% during the third quarter. Alpha Financial Advisors LLC now owns 95,469 shares of the company’s stock worth $4,510,000 after acquiring an additional 281 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in First Trust Low Duration Opportunities ETF by 23.0% during the third quarter. Harbor Investment Advisory LLC now owns 1,710 shares of the company’s stock worth $81,000 after acquiring an additional 320 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS traded down $0.02 during trading hours on Friday, reaching $47.71. 218,188 shares of the company were exchanged, compared to its average volume of 527,976. The stock’s 50-day moving average is $48.09 and its 200-day moving average is $47.83. First Trust Low Duration Opportunities ETF has a twelve month low of $46.58 and a twelve month high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date was Thursday, March 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.