Cottonwood Capital Advisors LLC Reduces Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Cottonwood Capital Advisors LLC cut its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,011 shares of the company’s stock after selling 1,959 shares during the quarter. First Trust Low Duration Opportunities ETF comprises about 1.5% of Cottonwood Capital Advisors LLC’s holdings, making the stock its 20th largest position. Cottonwood Capital Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $2,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LMBS. Farther Finance Advisors LLC raised its holdings in First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock valued at $780,000 after acquiring an additional 246 shares during the period. Claro Advisors LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after purchasing an additional 249 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in First Trust Low Duration Opportunities ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after purchasing an additional 386 shares during the period. Pinnacle Family Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 4.3% during the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after buying an additional 391 shares in the last quarter. Finally, Holistic Financial Partners increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the third quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after buying an additional 419 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.54 on Friday. The firm has a 50 day moving average of $48.70 and a 200-day moving average of $48.88. 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 Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be issued a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.