Traction Financial Partners LLC Has $1.71 Million Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Traction Financial Partners LLC decreased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,603 shares of the company’s stock after selling 1,314 shares during the period. First Trust Low Duration Opportunities ETF makes up 1.3% of Traction Financial Partners LLC’s holdings, making the stock its 14th biggest holding. Traction Financial Partners LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LMBS. Hershey Financial Advisers LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter valued at approximately $30,000. Hilltop National Bank bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $42,000. Chris Bulman Inc acquired a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth $43,000. Triad Wealth Partners LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at $44,000. Finally, GAMMA Investing LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $62,000.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

NASDAQ LMBS traded up $0.01 on Thursday, reaching $48.75. The company had a trading volume of 118,406 shares, compared to its average volume of 474,300. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The stock’s 50 day moving average is $49.11 and its 200-day moving average is $48.66.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were given a dividend of $0.17 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, October 22nd.

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.