Kingsview Wealth Management LLC Has $1.63 Million Stock Position in First Trust Low Duration Opportunities ETF $LMBS

Kingsview Wealth Management LLC trimmed its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 82.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,678 shares of the company’s stock after selling 149,035 shares during the quarter. Kingsview Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth about $26,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 160.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock worth $32,000 after buying an additional 400 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth about $69,000. Pinnacle Bancorp Inc. lifted its position in shares of First Trust Low Duration Opportunities ETF by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 3,750 shares of the company’s stock worth $187,000 after purchasing an additional 450 shares in the last quarter. Finally, Commonwealth Financial Services LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $202,000.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.83 on Monday. The company has a 50 day simple moving average of $49.88 and a 200-day simple moving average of $50.04. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, May 21st.

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.