Fairvoy Private Wealth LLC lessened its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 3.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 323,800 shares of the company’s stock after selling 12,570 shares during the quarter. First Trust Low Duration Opportunities ETF makes up about 3.2% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 5th largest position. Fairvoy Private Wealth LLC owned about 0.24% of First Trust Low Duration Opportunities ETF worth $15,691,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in First Trust Low Duration Opportunities ETF during the first quarter valued at $35,000. NI Acquisitions Company LLC bought a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $67,000. Noble Wealth Management PBC bought a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $113,000. Highland Investment Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter worth $174,000. Finally, PNC Financial Services Group Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 11.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,950 shares of the company’s stock worth $197,000 after purchasing an additional 399 shares in the last quarter.
First Trust Low Duration Opportunities ETF Stock Up 0.0%
Shares of LMBS traded up $0.01 during midday trading on Monday, hitting $48.74. 695,284 shares of the company traded hands, compared to its average volume of 573,255. The firm has a 50 day moving average of $49.15 and a 200-day moving average of $49.57. First Trust Low Duration Opportunities ETF has a 52 week low of $47.60 and a 52 week high of $51.98.
First Trust Low Duration Opportunities ETF Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 24th.
About First Trust Low Duration Opportunities ETF
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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