National Wealth Management Group LLC Sells 10,322 Shares of First Trust Low Duration Opportunities ETF $LMBS

National Wealth Management Group LLC reduced its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,220 shares of the company’s stock after selling 10,322 shares during the quarter. National Wealth Management Group LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $28,000. Whittier Trust Co. of Nevada Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 1st quarter valued at $35,000. NI Acquisitions Company LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter worth approximately $67,000. NBT Bank N.A. purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter valued at approximately $69,000. Finally, Noble Wealth Management PBC purchased a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $113,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.79 on Tuesday. The company’s fifty day moving average price is $49.06 and its 200-day moving average price is $49.71. First Trust Low Duration Opportunities ETF has a one year low of $47.60 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.2%.

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.