First Trust Low Duration Opportunities ETF $LMBS is Secure Asset Management LLC’s 8th Largest Position

Secure Asset Management LLC increased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 296,908 shares of the company’s stock after purchasing an additional 18,853 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 2.1% of Secure Asset Management LLC’s portfolio, making the stock its 8th biggest holding. Secure Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $14,780,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the third quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the 1st quarter worth $35,000. Bank of Montreal Can grew its stake in shares of First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after acquiring an additional 463 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in First Trust Low Duration Opportunities ETF by 38.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after acquiring an additional 250 shares during the last quarter. Finally, Motiv8 Investments LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter worth about $56,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.43 on Wednesday. First Trust Low Duration Opportunities ETF has a 52-week low of $47.87 and a 52-week high of $51.98. The stock’s 50-day simple moving average is $49.64 and its 200 day simple moving average is $49.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, August 21st.

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.