First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC reduced its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,315,350 shares of the company’s stock after selling 109,490 shares during the period. First Trust Low Duration Opportunities ETF makes up 0.6% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Concurrent Investment Advisors LLC owned about 1.02% of First Trust Low Duration Opportunities ETF worth $65,478,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 95.3% during the fourth quarter. HighTower Advisors LLC now owns 1,454,146 shares of the company’s stock worth $72,693,000 after buying an additional 709,693 shares during the period. Jane Street Group LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $33,401,000. Axxcess Wealth Management LLC increased its position in First Trust Low Duration Opportunities ETF by 1,602.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 415,932 shares of the company’s stock valued at $20,792,000 after acquiring an additional 391,503 shares during the period. Royal Bank of Canada increased its position 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 valued at $161,527,000 after acquiring an additional 372,725 shares during the period. Finally, Morgan Stanley raised its stake in First Trust Low Duration Opportunities ETF by 2.5% during the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after acquiring an additional 338,741 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

First Trust Low Duration Opportunities ETF stock opened at $49.45 on Friday. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98. The stock has a 50 day moving average of $49.62 and a two-hundred day moving average of $49.84.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st 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 Friday, August 21st.

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.