Ballew Advisors Inc Decreases Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Ballew Advisors Inc decreased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,735 shares of the company’s stock after selling 1,714 shares during the period. Ballew Advisors Inc’s holdings in First Trust Low Duration Opportunities ETF were worth $763,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Elevated Capital Advisors LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 25.6% during the 2nd quarter. Elevated Capital Advisors LLC now owns 43,050 shares of the company’s stock valued at $2,052,000 after purchasing an additional 8,787 shares during the last quarter. W.H. Cornerstone Investments Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $224,000. Security Financial Services INC. raised its stake in shares of First Trust Low Duration Opportunities ETF by 10.5% in the third quarter. Security Financial Services INC. now owns 12,690 shares of the company’s stock worth $599,000 after purchasing an additional 1,201 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter valued at $1,169,000. Finally, Citigroup Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 10.7% during the third quarter. Citigroup Inc. now owns 102,746 shares of the company’s stock valued at $4,854,000 after buying an additional 9,946 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS traded down $0.07 during mid-day trading on Thursday, reaching $48.25. The company’s stock had a trading volume of 344,052 shares, compared to its average volume of 493,086. The firm’s fifty day moving average price is $48.19 and its two-hundred day moving average price is $47.77. First Trust Low Duration Opportunities ETF has a 12-month low of $46.58 and a 12-month high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, March 21st. This represents a $2.10 dividend on an annualized basis and a yield of 4.35%.

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.