Sigma Planning Corp Reduces Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Sigma Planning Corp cut its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 16.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,196 shares of the company’s stock after selling 28,141 shares during the quarter. Sigma Planning Corp’s holdings in First Trust Low Duration Opportunities ETF were worth $7,018,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Financial Advisory LLC raised its holdings in First Trust Low Duration Opportunities ETF by 12.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 6,942 shares of the company’s stock worth $343,000 after purchasing an additional 754 shares in the last quarter. Claro Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 2.9% during the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after acquiring an additional 249 shares during the period. TFB Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 13.8% during the 3rd quarter. TFB Advisors LLC now owns 13,307 shares of the company’s stock valued at $657,000 after acquiring an additional 1,613 shares during the period. HighTower Advisors LLC lifted its position in First Trust Low Duration Opportunities ETF by 2.0% during the 3rd quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock valued at $17,273,000 after acquiring an additional 6,854 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. DAVENPORT & Co LLC now owns 52,433 shares of the company’s stock valued at $2,552,000 after acquiring an additional 1,427 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $48.84 on Friday. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49. The firm has a 50-day moving average of $48.65 and a 200 day moving average of $48.90.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.04 annualized dividend and a yield of 4.18%.

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.