JPMorgan Chase & Co. Lowers Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

JPMorgan Chase & Co. reduced its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 32.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,540 shares of the company’s stock after selling 41,819 shares during the quarter. JPMorgan Chase & Co. owned about 0.08% of First Trust Low Duration Opportunities ETF worth $4,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMBS. IFP Advisors Inc raised its stake in First Trust Low Duration Opportunities ETF by 22.3% during the third quarter. IFP Advisors Inc now owns 274,186 shares of the company’s stock valued at $13,652,000 after buying an additional 49,960 shares during the last quarter. Manhattan West Asset Management LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 40.8% in the third quarter. Manhattan West Asset Management LLC now owns 108,934 shares of the company’s stock worth $5,424,000 after acquiring an additional 31,591 shares during the last quarter. Tcfg Wealth Management LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 9.9% in the third quarter. Tcfg Wealth Management LLC now owns 23,403 shares of the company’s stock worth $1,165,000 after acquiring an additional 2,103 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of First Trust Low Duration Opportunities ETF by 6.5% during the third quarter. Captrust Financial Advisors now owns 107,432 shares of the company’s stock valued at $5,349,000 after acquiring an additional 6,513 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 27.9% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 13,891 shares of the company’s stock worth $692,000 after purchasing an additional 3,030 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.88 on Friday. The firm’s 50-day moving average is $50.13 and its 200 day moving average is $50.04. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a c) annualized dividend and a yield of 4.1%.

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.