Apollon Wealth Management LLC Sells 16,353 Shares of First Trust Low Duration Opportunities ETF $LMBS

Apollon Wealth Management LLC trimmed its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 36.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,404 shares of the company’s stock after selling 16,353 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $26,000. Bank of Montreal Can lifted its holdings in First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after purchasing an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in First Trust Low Duration Opportunities ETF by 38.5% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after buying an additional 250 shares in the last quarter. Motiv8 Investments LLC acquired a new position in First Trust Low Duration Opportunities ETF in the fourth quarter valued at about $56,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth approximately $69,000.

First Trust Low Duration Opportunities ETF Stock Up 0.1%

LMBS stock opened at $49.74 on Friday. The business has a fifty day moving average price of $49.83 and a 200 day moving average price of $50.00. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

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.