Towerpoint Wealth LLC Sells 602 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Towerpoint Wealth LLC cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,211 shares of the company’s stock after selling 602 shares during the quarter. Towerpoint Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 1st quarter worth $25,000. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at approximately $30,000. Hilltop National Bank purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $42,000. Chris Bulman Inc bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $43,000. Finally, Triad Wealth Partners LLC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $44,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS traded down $0.01 on Friday, hitting $49.09. 44,459 shares of the stock traded hands, compared to its average volume of 480,879. The business’s fifty day moving average is $49.20 and its two-hundred day moving average is $48.51. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.16%. The ex-dividend date was Thursday, September 26th.

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.