Bellevue Asset Management LLC Cuts Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Bellevue Asset Management LLC cut its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,173 shares of the company’s stock after selling 5,459 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 4.1% of Bellevue Asset Management LLC’s portfolio, making the stock its 6th largest position. Bellevue Asset Management LLC owned about 0.17% of First Trust Low Duration Opportunities ETF worth $7,942,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LMBS. LPL Financial LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 12.2% during the 3rd quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares in the last quarter. Raymond James Financial Inc. bought a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $149,264,000. Concurrent Investment Advisors LLC lifted its stake in First Trust Low Duration Opportunities ETF by 7.0% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock valued at $37,209,000 after purchasing an additional 48,939 shares during the last quarter. Prospera Financial Services Inc lifted its stake in First Trust Low Duration Opportunities ETF by 32.3% in the 3rd quarter. Prospera Financial Services Inc now owns 456,916 shares of the company’s stock valued at $22,586,000 after purchasing an additional 111,451 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in First Trust Low Duration Opportunities ETF by 94.9% in the 4th quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock valued at $22,100,000 after purchasing an additional 221,157 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $49.05 on Thursday. The firm has a 50 day simple moving average of $48.73 and a 200 day simple moving average of $48.90. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid 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 of this dividend was Friday, February 21st.

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.