B. Riley Wealth Advisors Inc. Has $348,000 Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

B. Riley Wealth Advisors Inc. reduced its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 47.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,055 shares of the company’s stock after selling 6,325 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hershey Financial Advisers LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at about $30,000. Chris Bulman Inc bought a new position in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $43,000. Riggs Asset Managment Co. Inc. acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $76,000. Prospera Private Wealth LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $79,000. Finally, Pinnacle Bancorp Inc. grew its holdings in First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of NASDAQ:LMBS opened at $48.58 on Friday. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49. The firm’s fifty day moving average is $48.82 and its 200-day moving average is $48.82.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Friday, December 13th.

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.