Northwest Wealth Management LLC Sells 806 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Northwest Wealth Management LLC trimmed its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 15.9% in the second quarter, HoldingsChannel reports. The firm owned 4,256 shares of the company’s stock after selling 806 shares during the quarter. Northwest Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. TD Capital Management LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 10.0% during the 2nd quarter. TD Capital Management LLC now owns 339,453 shares of the company’s stock worth $16,311,000 after buying an additional 30,856 shares during the period. Larson Financial Group LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 132.0% during the second quarter. Larson Financial Group LLC now owns 5,780 shares of the company’s stock worth $278,000 after acquiring an additional 3,289 shares during the period. Financial Enhancement Group LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 1.4% during the second quarter. Financial Enhancement Group LLC now owns 236,083 shares of the company’s stock worth $11,537,000 after acquiring an additional 3,263 shares during the period. Foundations Investment Advisors LLC grew its position in shares of First Trust Low Duration Opportunities ETF by 10.1% in the second quarter. Foundations Investment Advisors LLC now owns 44,423 shares of the company’s stock valued at $2,135,000 after purchasing an additional 4,071 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. increased its stake in shares of First Trust Low Duration Opportunities ETF by 4.8% during the second quarter. FSB Premier Wealth Management Inc. now owns 37,995 shares of the company’s stock worth $1,826,000 after purchasing an additional 1,738 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.31 on Friday. The stock has a 50 day simple moving average of $48.77 and a 200 day simple moving average of $48.30. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Wednesday, August 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.