Bank of New York Mellon Corp Sells 4,142 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Bank of New York Mellon Corp reduced its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.0% in the 1st quarter, Holdings Channel reports. The fund owned 37,345 shares of the company’s stock after selling 4,142 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Trust Low Duration Opportunities ETF were worth $1,836,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in shares of First Trust Low Duration Opportunities ETF by 2.8% in the fourth quarter. Wells Fargo & Company MN now owns 4,853,287 shares of the company’s stock valued at $236,209,000 after buying an additional 132,154 shares during the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Low Duration Opportunities ETF by 1.9% in the fourth quarter. Royal Bank of Canada now owns 2,738,978 shares of the company’s stock valued at $133,306,000 after buying an additional 50,352 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Low Duration Opportunities ETF by 75.1% in the fourth quarter. Cetera Investment Advisers now owns 1,724,201 shares of the company’s stock valued at $83,917,000 after buying an additional 739,519 shares during the last quarter. First Trust Advisors LP lifted its holdings in First Trust Low Duration Opportunities ETF by 0.5% during the 4th quarter. First Trust Advisors LP now owns 1,054,514 shares of the company’s stock worth $51,323,000 after purchasing an additional 5,451 shares during the last quarter. Finally, Berger Financial Group Inc lifted its holdings in First Trust Low Duration Opportunities ETF by 2.8% during the 4th quarter. Berger Financial Group Inc now owns 881,591 shares of the company’s stock worth $42,907,000 after purchasing an additional 24,274 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.22 on Wednesday. The stock has a 50 day simple moving average of $49.07 and a 200 day simple moving average of $48.96. First Trust Low Duration Opportunities ETF has a 1-year low of $45.06 and a 1-year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.04 annualized dividend and a yield of 4.14%.

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.