Friedenthal Financial Sells 81,024 Shares of First Trust Low Duration Opportunities ETF $LMBS

Friedenthal Financial trimmed its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 49.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 84,162 shares of the company’s stock after selling 81,024 shares during the period. First Trust Low Duration Opportunities ETF accounts for 2.1% of Friedenthal Financial’s investment portfolio, making the stock its 15th largest holding. Friedenthal Financial’s holdings in First Trust Low Duration Opportunities ETF were worth $4,192,000 at the end of the most recent quarter.

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

First Trust Low Duration Opportunities ETF Stock Up 0.2%

Shares of LMBS stock opened at $49.94 on Thursday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98. The firm’s 50-day moving average is $49.87 and its 200-day moving average is $50.01.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 21st were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, May 21st.

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.