Gateway Wealth Partners LLC Trims Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Gateway Wealth Partners LLC reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,166 shares of the company’s stock after selling 529 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $981,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 1.6% in the third quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after purchasing an additional 246 shares during the period. Claro Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock worth $431,000 after acquiring an additional 249 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of First Trust Low Duration Opportunities ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after acquiring an additional 386 shares during the last quarter. Pinnacle Family Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 4.3% during the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after acquiring an additional 391 shares during the last quarter. Finally, Holistic Financial Partners boosted 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 worth $737,000 after acquiring an additional 419 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $48.69 on Wednesday. The firm has a fifty day moving average price of $48.70 and a 200 day moving average price of $48.89. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.19%.

About First Trust Low Duration Opportunities ETF

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.