Belpointe Asset Management LLC Has $1.67 Million Stake in First Trust Low Duration Opportunities ETF $LMBS

Belpointe Asset Management LLC lowered its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 37.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,496 shares of the company’s stock after selling 19,834 shares during the period. Belpointe Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $1,668,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Low Duration Opportunities ETF by 7.5% during the second quarter. Cetera Investment Advisers now owns 1,841,616 shares of the company’s stock worth $90,718,000 after purchasing an additional 128,743 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Low Duration Opportunities ETF by 18.0% in the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after buying an additional 248,784 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of First Trust Low Duration Opportunities ETF by 11.5% in the second quarter. First Trust Advisors LP now owns 1,103,235 shares of the company’s stock valued at $54,345,000 after buying an additional 113,364 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 8.3% in the third quarter. Commonwealth Equity Services LLC now owns 1,024,084 shares of the company’s stock valued at $50,989,000 after buying an additional 78,316 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $50.09 on Thursday. First Trust Low Duration Opportunities ETF has a 12 month low of $48.37 and a 12 month high of $51.98. The company’s 50-day moving average price is $50.04 and its two-hundred day moving average price is $49.83.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be paid a dividend of $0.17 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, January 21st.

First Trust Low Duration Opportunities ETF Company 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.