Secure Asset Management LLC Buys 20,899 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Secure Asset Management LLC boosted its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,064 shares of the company’s stock after buying an additional 20,899 shares during the period. First Trust Low Duration Opportunities ETF makes up about 0.9% of Secure Asset Management LLC’s investment portfolio, making the stock its 21st largest holding. Secure Asset Management LLC owned 0.12% of First Trust Low Duration Opportunities ETF worth $5,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock valued at $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Long Run Wealth Advisors LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth $10,901,000. Financial Enhancement Group LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 87.4% in the 3rd quarter. Financial Enhancement Group LLC now owns 442,405 shares of the company’s stock worth $21,258,000 after purchasing an additional 206,322 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 449.3% during the third quarter. Foundations Investment Advisors LLC now owns 243,998 shares of the company’s stock valued at $12,056,000 after purchasing an additional 199,575 shares in the last quarter. Finally, First International Bank & Trust purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at $9,657,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ:LMBS opened at $48.52 on Friday. The business has a 50-day simple moving average of $48.71 and a two-hundred day simple moving average of $48.88. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $2.04 annualized dividend and a dividend yield of 4.20%.

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.