AIFG Consultants Ltd. Decreases Stake in First Trust Low Duration Opportunities ETF $LMBS

AIFG Consultants Ltd. reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBSFree Report) by 28.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 28,429 shares of the company’s stock after selling 11,185 shares during the period. First Trust Low Duration Opportunities ETF accounts for 2.4% of AIFG Consultants Ltd.’s investment portfolio, making the stock its 11th largest holding. AIFG Consultants Ltd.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Betterment LLC raised its position in First Trust Low Duration Opportunities ETF by 11.4% during the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock valued at $329,000 after purchasing an additional 681 shares during the period. Darwin Wealth Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $8,409,000. Raymond James Financial Inc. raised its position in First Trust Low Duration Opportunities ETF by 5.4% during the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares during the period. Jane Street Group LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $890,000. Finally, Bank of America Corp DE raised its position 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 valued at $80,319,000 after purchasing an additional 248,784 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.90 on Wednesday. First Trust Low Duration Opportunities ETF has a 1 year low of $48.47 and a 1 year high of $51.98. The stock’s 50 day simple moving average is $50.00 and its two-hundred day simple moving average is $50.05.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

First Trust Low Duration Opportunities ETF Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding LMBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Low Duration Opportunities ETF (NASDAQ:LMBSFree Report).

Institutional Ownership by Quarter for First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

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