Truist Financial Corp Lowers Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Truist Financial Corp cut its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 51.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,483 shares of the company’s stock after selling 308,187 shares during the quarter. Truist Financial Corp’s holdings in First Trust Low Duration Opportunities ETF were worth $14,229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LMBS. UBS Group AG boosted its holdings in First Trust Low Duration Opportunities ETF by 0.9% in the third quarter. UBS Group AG now owns 3,697,931 shares of the company’s stock worth $174,690,000 after acquiring an additional 32,461 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in First Trust Low Duration Opportunities ETF by 11.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock worth $100,808,000 after purchasing an additional 206,876 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $60,773,000. Stifel Financial Corp increased its stake in First Trust Low Duration Opportunities ETF by 3.4% during the 3rd quarter. Stifel Financial Corp now owns 1,152,215 shares of the company’s stock valued at $54,430,000 after purchasing an additional 37,604 shares in the last quarter. Finally, Csenge Advisory Group increased its stake in First Trust Low Duration Opportunities ETF by 36.1% during the 3rd quarter. Csenge Advisory Group now owns 616,277 shares of the company’s stock valued at $29,113,000 after purchasing an additional 163,329 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.2 %

Shares of NASDAQ LMBS opened at $47.69 on Thursday. The firm’s 50 day moving average price is $48.00 and its 200-day moving average price is $47.87. First Trust Low Duration Opportunities ETF has a 52-week low of $46.58 and a 52-week high of $48.55.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were given a $0.175 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $2.10 annualized dividend and a yield of 4.40%.

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.