Elevation Point Wealth Partners LLC Sells 149,067 Shares of First Trust Low Duration Opportunities ETF $LMBS

Elevation Point Wealth Partners LLC lowered its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 44.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,009 shares of the company’s stock after selling 149,067 shares during the period. Elevation Point Wealth Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $9,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at about $26,000. Bank of Montreal Can boosted its position in First Trust Low Duration Opportunities ETF by 169.0% during the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after purchasing an additional 250 shares in the last quarter. Motiv8 Investments LLC bought a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $56,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth approximately $69,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

NASDAQ LMBS opened at $49.74 on Friday. The firm’s fifty day moving average price is $49.83 and its two-hundred day moving average price is $50.00. First Trust Low Duration Opportunities ETF has a 1 year low of $47.87 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

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.