Belpointe Asset Management LLC Sells 19,834 Shares of First Trust Low Duration Opportunities ETF $LMBS

Belpointe Asset Management LLC lessened its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 37.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,496 shares of the company’s stock after selling 19,834 shares during the quarter. Belpointe Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,668,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LMBS. National Wealth Management Group LLC raised its holdings in First Trust Low Duration Opportunities ETF by 67.8% during the 3rd quarter. National Wealth Management Group LLC now owns 17,113 shares of the company’s stock worth $852,000 after purchasing an additional 6,914 shares during the last quarter. Sovran Advisors LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 498.4% during the third quarter. Sovran Advisors LLC now owns 41,212 shares of the company’s stock worth $2,056,000 after buying an additional 34,325 shares during the last quarter. FSB Premier Wealth Management Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 3.0% during the third quarter. FSB Premier Wealth Management Inc. now owns 68,647 shares of the company’s stock worth $3,418,000 after buying an additional 1,986 shares during the last quarter. Winebrenner Capital Management LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 4.6% in the third quarter. Winebrenner Capital Management LLC now owns 8,673 shares of the company’s stock valued at $432,000 after buying an additional 384 shares during the period. Finally, Acorn Wealth Advisors LLC boosted its stake in First Trust Low Duration Opportunities ETF by 94.7% in the third quarter. Acorn Wealth Advisors LLC now owns 17,628 shares of the company’s stock valued at $878,000 after acquiring an additional 8,576 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

LMBS opened at $50.09 on Thursday. The company has a fifty day moving average price of $50.04 and a two-hundred day moving average price of $49.83. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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.