Dynamic Advisor Solutions LLC Has $421,000 Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Dynamic Advisor Solutions LLC cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.1% in the fourth quarter, Holdings Channel reports. The firm owned 8,651 shares of the company’s stock after selling 865 shares during the period. Dynamic Advisor Solutions LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $421,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LMBS. Hershey Financial Advisers LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $76,000. Prospera Private Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $79,000. Harbor Investment Advisory LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after purchasing an additional 459 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its position in First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after buying an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.1 %

Shares of NASDAQ:LMBS opened at $48.60 on Tuesday. The business has a 50-day moving average of $48.70 and a two-hundred day moving average of $48.89. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%.

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.