First Trust Low Duration Opportunities ETF $LMBS Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. reduced its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 96.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,243 shares of the company’s stock after selling 824,849 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. TrueWealth Advisors LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 3.7% in the 4th quarter. TrueWealth Advisors LLC now owns 5,797 shares of the company’s stock worth $290,000 after acquiring an additional 209 shares during the period. Condor Capital Management lifted its stake in shares of First Trust Low Duration Opportunities ETF by 0.4% in the 3rd quarter. Condor Capital Management now owns 50,896 shares of the company’s stock worth $2,534,000 after acquiring an additional 228 shares during the period. Lion Street Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.7% in the 3rd quarter. Lion Street Advisors LLC now owns 4,398 shares of the company’s stock worth $222,000 after purchasing an additional 236 shares in the last quarter. Valley Financial Group Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 1.9% in the 3rd quarter. Valley Financial Group Inc. now owns 13,324 shares of the company’s stock worth $663,000 after purchasing an additional 246 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 5.5% in the 3rd quarter. Koshinski Asset Management Inc. now owns 5,870 shares of the company’s stock worth $292,000 after purchasing an additional 307 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Down 0.1%

NASDAQ LMBS opened at $49.73 on Thursday. The company’s 50 day simple moving average is $49.90 and its 200 day simple moving average is $50.04. First Trust Low Duration Opportunities ETF has a 12 month low of $47.87 and a 12 month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is 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.