First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stock Position Lowered by Petix & Botte Co

Petix & Botte Co trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 24.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 346,436 shares of the company’s stock after selling 111,930 shares during the period. First Trust Low Duration Opportunities ETF accounts for about 4.4% of Petix & Botte Co’s investment portfolio, making the stock its 5th largest position. Petix & Botte Co owned about 0.36% of First Trust Low Duration Opportunities ETF worth $16,861,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Avaii Wealth Management LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 98.9% in the fourth quarter. Avaii Wealth Management LLC now owns 11,379 shares of the company’s stock worth $554,000 after acquiring an additional 5,659 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $6,111,000. Midwest Financial Group LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 0.7% in the 4th quarter. Midwest Financial Group LLC now owns 92,115 shares of the company’s stock valued at $4,483,000 after purchasing an additional 658 shares in the last quarter. Impact Partnership Wealth LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $225,000. Finally, Team Financial Group LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 88.2% during the fourth quarter. Team Financial Group LLC now owns 7,971 shares of the company’s stock worth $388,000 after buying an additional 3,735 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $48.54 on Monday. The firm has a 50 day simple moving average of $48.70 and a 200-day simple moving average of $48.89. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

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

First Trust Low Duration Opportunities ETF Company 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.