First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stock Position Reduced by Searcy Financial Services Inc. ADV

Posted by John Adams on Jun 29th, 2024

Searcy Financial Services Inc. ADV cut its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 6.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,817 shares of the company’s stock after selling 25,115 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 9.3% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 5th largest position. Searcy Financial Services Inc. ADV’s holdings in First Trust Low Duration Opportunities ETF were worth $18,326,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Stephens Inc. AR grew its position in First Trust Low Duration Opportunities ETF by 2.3% in the fourth quarter. Stephens Inc. AR now owns 411,375 shares of the company’s stock worth $19,878,000 after acquiring an additional 9,214 shares in the last quarter. Imprint Wealth LLC grew its position in First Trust Low Duration Opportunities ETF by 9.2% in the fourth quarter. Imprint Wealth LLC now owns 37,788 shares of the company’s stock worth $1,826,000 after acquiring an additional 3,174 shares in the last quarter. Principal Securities Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $1,498,000. EWG Elevate Inc. grew its position in First Trust Low Duration Opportunities ETF by 1.8% in the fourth quarter. EWG Elevate Inc. now owns 198,643 shares of the company’s stock worth $9,598,000 after acquiring an additional 3,479 shares in the last quarter. Finally, Friedenthal Financial grew its position in First Trust Low Duration Opportunities ETF by 1.8% in the fourth quarter. Friedenthal Financial now owns 50,420 shares of the company’s stock worth $2,436,000 after acquiring an additional 874 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock traded down $0.03 during trading hours on Friday, hitting $48.05. The company’s stock had a trading volume of 458,563 shares, compared to its average volume of 451,438. First Trust Low Duration Opportunities ETF has a 12 month low of $46.58 and a 12 month high of $48.55. The stock has a 50 day moving average price of $48.04 and a two-hundred day moving average price of $48.12.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Thursday, June 27th.

First Trust Low Duration Opportunities ETF Company Profile

(Free Report)

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.