First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Petix & Botte Co

Petix & Botte Co cut its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 24.4% during the 4th quarter, HoldingsChannel reports. The firm owned 346,436 shares of the company’s stock after selling 111,930 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for about 4.4% of Petix & Botte Co’s portfolio, making the stock its 5th largest position. Petix & Botte Co’s holdings in First Trust Low Duration Opportunities ETF were worth $16,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in First Trust Low Duration Opportunities ETF by 1.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,777 shares of the company’s stock worth $780,000 after buying an additional 246 shares during the period. Claro Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 2.9% during the fourth quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after acquiring an additional 249 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of First Trust Low Duration Opportunities ETF by 1.3% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock worth $1,456,000 after acquiring an additional 386 shares during the last quarter. Pinnacle Family Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 4.3% in the third quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock worth $470,000 after acquiring an additional 391 shares in the last quarter. Finally, Holistic Financial Partners boosted its holdings in First Trust Low Duration Opportunities ETF by 2.9% in the third quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after purchasing an additional 419 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.54 on Monday. The stock’s 50 day moving average is $48.70 and its two-hundred day moving average is $48.89. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

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

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.