BlueChip Wealth Advisors LLC Has $426,000 Stock Position in First Trust Low Duration Opportunities ETF $LMBS

BlueChip Wealth Advisors LLC cut its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 71.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,559 shares of the company’s stock after selling 21,387 shares during the period. BlueChip Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $28,000. Financial Network Wealth Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $29,000. Creekmur Asset Management LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 497.2% during the second quarter. Creekmur Asset Management LLC now owns 633 shares of the company’s stock valued at $31,000 after buying an additional 527 shares during the last quarter. Hollencrest Capital Management bought a new stake in First Trust Low Duration Opportunities ETF during the second quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in First Trust Low Duration Opportunities ETF by 160.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after buying an additional 400 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $50.28 on Wednesday. The stock’s fifty day simple moving average is $50.07 and its two-hundred day simple moving average is $49.89. First Trust Low Duration Opportunities ETF has a 1-year low of $48.37 and a 1-year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.