Sowell Financial Services LLC Reduces Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Sowell Financial Services LLC trimmed its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 47.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,649 shares of the company’s stock after selling 19,895 shares during the quarter. Sowell Financial Services LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth $26,000. CX Institutional purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $28,000. Financial Network Wealth Advisors LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $29,000. Hollencrest Capital Management purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake in First Trust Low Duration Opportunities ETF by 160.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.2%

First Trust Low Duration Opportunities ETF stock opened at $49.98 on Thursday. The business’s 50-day simple moving average is $50.12 and its two-hundred day simple moving average is $50.04. First Trust Low Duration Opportunities ETF has a fifty-two week low of $48.37 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, March 26th.

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.