First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stock Holdings Trimmed by Citigroup Inc.

Citigroup Inc. reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 36.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,716 shares of the company’s stock after selling 50,400 shares during the quarter. Citigroup Inc. owned approximately 0.09% of First Trust Low Duration Opportunities ETF worth $4,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMBS. Bank of New York Mellon Corp grew its holdings in shares of First Trust Low Duration Opportunities ETF by 137.7% during the first quarter. Bank of New York Mellon Corp now owns 20,469 shares of the company’s stock valued at $1,002,000 after purchasing an additional 11,859 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of First Trust Low Duration Opportunities ETF by 32.5% during the first quarter. Raymond James Trust N.A. now owns 18,059 shares of the company’s stock worth $884,000 after buying an additional 4,427 shares during the period. Moors & Cabot Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 27.9% during the first quarter. Moors & Cabot Inc. now owns 18,656 shares of the company’s stock worth $913,000 after buying an additional 4,073 shares during the period. Baird Financial Group Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 2.1% during the first quarter. Baird Financial Group Inc. now owns 696,622 shares of the company’s stock worth $34,100,000 after buying an additional 14,231 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 53.3% during the first quarter. NewEdge Advisors LLC now owns 313,633 shares of the company’s stock worth $15,352,000 after buying an additional 109,087 shares during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.2 %

Shares of NASDAQ LMBS opened at $47.62 on Monday. The stock has a 50 day simple moving average of $47.62 and a 200-day simple moving average of $47.85. First Trust Low Duration Opportunities ETF has a 12-month low of $46.62 and a 12-month high of $48.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $1.98 annualized dividend and a dividend yield of 4.16%.

First Trust Low Duration Opportunities ETF 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.