Meridian Wealth Management LLC Cuts Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Meridian Wealth Management LLC reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 14.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 20,907 shares of the company’s stock after selling 3,490 shares during the period. Meridian Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,033,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LPL Financial LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after buying an additional 929,010 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock worth $96,656,000 after acquiring an additional 10,854 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after acquiring an additional 15,450 shares during the period. Cetera Investment Advisers increased its stake in First Trust Low Duration Opportunities ETF by 17.5% in the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock valued at $45,178,000 after purchasing an additional 140,132 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock worth $40,014,000 after purchasing an additional 45,961 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

First Trust Low Duration Opportunities ETF stock opened at $48.63 on Friday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The stock’s fifty day moving average is $49.02 and its two-hundred day moving average is $48.71.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be paid a $0.17 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.19%.

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.