Pine Valley Investments Ltd Liability Co Sells 1,782 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Pine Valley Investments Ltd Liability Co lowered its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,358 shares of the company’s stock after selling 1,782 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in First Trust Low Duration Opportunities ETF were worth $2,110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of First Trust Low Duration Opportunities ETF by 19.7% in the fourth quarter. IFP Advisors Inc now owns 152,471 shares of the company’s stock worth $7,421,000 after buying an additional 25,076 shares during the period. Wealthspire Advisors LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $420,000. Marshall Investment Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $131,000. Winebrenner Capital Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $431,000. Finally, Fairway Financial LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $6,368,000.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

NASDAQ:LMBS opened at $49.00 on Wednesday. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49. The stock has a 50-day moving average price of $48.66 and a 200 day moving average price of $48.90.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Friday, February 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.