Concurrent Investment Advisors LLC Sells 47,569 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Concurrent Investment Advisors LLC cut its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 705,499 shares of the company’s stock after selling 47,569 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 0.9% of Concurrent Investment Advisors LLC’s portfolio, making the stock its 16th largest holding. Concurrent Investment Advisors LLC owned approximately 0.73% of First Trust Low Duration Opportunities ETF worth $34,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMBS. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $47,000. Riggs Asset Managment Co. Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth approximately $76,000. Prospera Private Wealth LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth approximately $79,000. Kestra Investment Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $127,000. Finally, Harbor Investment Advisory LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 20.1% in the fourth quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after purchasing an additional 459 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock opened at $48.84 on Thursday. The company’s 50 day moving average is $48.66 and its 200 day moving average is $48.90. 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 company also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Wednesday, January 22nd.

First Trust Low Duration Opportunities ETF 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.