First Trust Low Duration Opportunities ETF $LMBS Shares Sold by MGO One Seven LLC

MGO One Seven LLC lowered its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,286 shares of the company’s stock after selling 23,891 shares during the period. MGO One Seven LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $5,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LMBS. Royal Bank of Canada raised its holdings in First Trust Low Duration Opportunities ETF by 13.0% in the 1st quarter. Royal Bank of Canada now owns 3,242,866 shares of the company’s stock worth $161,527,000 after purchasing an additional 372,725 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Low Duration Opportunities ETF by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after purchasing an additional 171,648 shares in the last quarter. Bank of America Corp DE increased its position in shares of First Trust Low Duration Opportunities ETF by 11.9% during the first quarter. Bank of America Corp DE now owns 2,001,550 shares of the company’s stock valued at $99,697,000 after buying an additional 212,258 shares during the period. First Trust Advisors LP increased its position in shares of First Trust Low Duration Opportunities ETF by 15.1% during the first quarter. First Trust Advisors LP now owns 1,520,880 shares of the company’s stock valued at $75,755,000 after buying an additional 199,426 shares during the period. Finally, Berger Financial Group Inc raised its stake in First Trust Low Duration Opportunities ETF by 6.9% in the first quarter. Berger Financial Group Inc now owns 1,127,689 shares of the company’s stock worth $56,170,000 after buying an additional 72,760 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $48.99 on Monday. First Trust Low Duration Opportunities ETF has a one year low of $47.60 and a one year high of $51.98. The company has a 50-day simple moving average of $48.98 and a two-hundred day simple moving average of $49.68.

First Trust Low Duration Opportunities ETF Dividend Announcement

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

First Trust Low Duration Opportunities ETF Company 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.