Cornell Pochily Investment Advisors Inc. Sells 7,423 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Cornell Pochily Investment Advisors Inc. lessened its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,568 shares of the company’s stock after selling 7,423 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LMBS. Prism Advisors Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 2.0% during the fourth quarter. Prism Advisors Inc. now owns 285,488 shares of the company’s stock valued at $13,895,000 after purchasing an additional 5,655 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter valued at approximately $658,000. Narwhal Capital Management lifted its stake in shares of First Trust Low Duration Opportunities ETF by 10.3% during the 4th quarter. Narwhal Capital Management now owns 13,879 shares of the company’s stock valued at $675,000 after buying an additional 1,297 shares in the last quarter. Avaii Wealth Management LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 98.9% in the 4th quarter. Avaii Wealth Management LLC now owns 11,379 shares of the company’s stock worth $554,000 after buying an additional 5,659 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $6,111,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS stock opened at $48.54 on Monday. The company’s fifty day simple moving average is $48.70 and its two-hundred day simple moving average is $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 Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.17 per share. The ex-dividend date 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.