Stratos Wealth Advisors LLC Sells 37,882 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Stratos Wealth Advisors LLC reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 71.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,293 shares of the company’s stock after selling 37,882 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LMBS. Riggs Asset Managment Co. Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $76,000. Prospera Private Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF during the third quarter worth $79,000. Harbor Investment Advisory LLC increased its position in First Trust Low Duration Opportunities ETF by 20.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock valued at $134,000 after acquiring an additional 459 shares during the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 23.4% in the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after acquiring an additional 611 shares during the period. Finally, Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $203,000.

First Trust Low Duration Opportunities ETF Trading Down 0.0 %

Shares of NASDAQ:LMBS opened at $48.80 on Friday. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $51.49. The firm’s 50-day moving average is $48.70 and its 200 day moving average is $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%.

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.