Raleigh Capital Management Inc. Decreases Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Raleigh Capital Management Inc. trimmed its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 14.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,238 shares of the company’s stock after selling 540 shares during the quarter. Raleigh Capital Management Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

First Trust Low Duration Opportunities ETF Trading Up 0.0 %

Shares of NASDAQ:LMBS opened at $47.65 on Friday. The firm’s 50 day moving average price is $47.60 and its 200-day moving average price is $47.82. First Trust Low Duration Opportunities ETF has a twelve month low of $46.62 and a twelve month high of $48.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 31st. Investors of record on Wednesday, August 23rd were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.98 dividend on an annualized basis and a yield of 4.16%.

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.