ERn Financial LLC Reduces Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

ERn Financial LLC decreased its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,815 shares of the company’s stock after selling 561 shares during the period. ERn Financial LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LMBS. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $30,000. Riggs Asset Managment Co. Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $76,000. Prospera Private Wealth LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $79,000. Pinnacle Bancorp Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 23.4% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after acquiring an additional 611 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter valued at about $203,000.

First Trust Low Duration Opportunities ETF Stock Up 0.3 %

NASDAQ:LMBS opened at $48.70 on Friday. The business’s 50-day moving average price is $48.72 and its two-hundred day moving average price is $48.86. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.19%.

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.