Abbot Financial Management Inc. Has $944,000 Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Posted by Hanz Christensen on Sep 17th, 2024

Abbot Financial Management Inc. trimmed its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS – Free Report) by 1.8% in the second quarter, HoldingsChannel.com reports. The firm owned 19,647 shares of the company’s stock after selling 367 shares during the period. Abbot Financial Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $944,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter valued at about $25,000. Hilltop National Bank bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $42,000. Chris Bulman Inc bought a new position in First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $43,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $44,000. Finally, Strategic Financial Concepts LLC bought a new position in First Trust Low Duration Opportunities ETF during the second quarter worth $53,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $49.47 on Tuesday. The company’s fifty day simple moving average is $48.92 and its 200 day simple moving average is $48.36. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend was Wednesday, August 21st.

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.