Secure Asset Management LLC Boosts Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Secure Asset Management LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 120,064 shares of the company’s stock after acquiring an additional 20,899 shares during the quarter. First Trust Low Duration Opportunities ETF makes up 0.9% of Secure Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Secure Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $5,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hershey Financial Advisers LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter worth approximately $30,000. Riggs Asset Managment Co. Inc. purchased a new stake in First Trust Low Duration Opportunities ETF during the third quarter valued at approximately $76,000. Prospera Private Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF in the third quarter worth approximately $79,000. Harbor Investment Advisory LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF by 20.1% during the 4th quarter. Harbor Investment Advisory LLC now owns 2,746 shares of the company’s stock worth $134,000 after acquiring an additional 459 shares during the last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 23.4% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after acquiring an additional 611 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ:LMBS opened at $48.52 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The business has a fifty day moving average price of $48.71 and a 200-day moving average price of $48.88.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, January 22nd.

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.