Rede Wealth LLC Trims Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Rede Wealth LLC lowered its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 23.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,295 shares of the company’s stock after selling 1,646 shares during the period. Rede Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $262,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LMBS. Cedrus LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 99.5% in the third quarter. Cedrus LLC now owns 48,529 shares of the company’s stock valued at $2,398,000 after purchasing an additional 24,207 shares during the period. Alpha Financial Advisors LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 2.1% in the 3rd quarter. Alpha Financial Advisors LLC now owns 94,493 shares of the company’s stock valued at $4,669,000 after purchasing an additional 1,943 shares during the last quarter. Raymond James & Associates grew its stake in shares of First Trust Low Duration Opportunities ETF by 6.0% in the 3rd quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after buying an additional 45,961 shares during the period. Friedenthal Financial grew its stake in shares of First Trust Low Duration Opportunities ETF by 155.7% in the 3rd quarter. Friedenthal Financial now owns 144,833 shares of the company’s stock valued at $7,156,000 after buying an additional 88,194 shares during the period. Finally, KMG Fiduciary Partners LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 28.8% during the 3rd quarter. KMG Fiduciary Partners LLC now owns 41,692 shares of the company’s stock worth $2,060,000 after buying an additional 9,314 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

LMBS traded up $0.05 during trading hours on Friday, reaching $49.16. The company’s stock had a trading volume of 346,325 shares, compared to its average volume of 481,682. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The business’s 50-day moving average is $49.22 and its 200-day moving average is $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.15%. The ex-dividend date was Thursday, September 26th.

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.