Rede Wealth LLC Has $245,000 Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Rede Wealth LLC trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,034 shares of the company’s stock after selling 261 shares during the period. Rede Wealth LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMBS. LPL Financial LLC raised its position in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after purchasing an additional 929,010 shares in the last quarter. Raymond James & Associates raised its position in First Trust Low Duration Opportunities ETF by 6.0% during the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after purchasing an additional 45,961 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in First Trust Low Duration Opportunities ETF by 7.0% during the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock valued at $37,209,000 after purchasing an additional 48,939 shares in the last quarter. Trilogy Capital Inc. raised its position in First Trust Low Duration Opportunities ETF by 5.0% during the third quarter. Trilogy Capital Inc. now owns 488,969 shares of the company’s stock valued at $24,160,000 after purchasing an additional 23,129 shares in the last quarter. Finally, Petix & Botte Co raised its position in First Trust Low Duration Opportunities ETF by 1.5% during the third quarter. Petix & Botte Co now owns 458,366 shares of the company’s stock valued at $22,648,000 after purchasing an additional 6,792 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $48.76 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The firm has a 50 day simple moving average of $48.69 and a two-hundred day simple moving average of $48.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were issued a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.18%.

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.