TCP Asset Management LLC Grows Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TCP Asset Management LLC grew its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,936 shares of the company’s stock after purchasing an additional 5,788 shares during the period. First Trust Low Duration Opportunities ETF makes up about 1.5% of TCP Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. TCP Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $6,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Hershey Financial Advisers LLC purchased a new stake in First Trust Low Duration Opportunities ETF during the 2nd quarter worth $30,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth about $76,000. Prospera Private Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF in the third quarter valued at about $79,000. Pinnacle Bancorp Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 23.4% in the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock valued at $159,000 after purchasing an additional 611 shares during the last quarter. Finally, Proactive Wealth Strategies LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at approximately $203,000.

First Trust Low Duration Opportunities ETF Stock Up 0.0 %

Shares of LMBS opened at $48.72 on Friday. The business’s 50 day moving average is $48.71 and its two-hundred day moving average is $48.87. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.17 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 4.19%.

About First Trust Low Duration Opportunities ETF

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.