SRS Capital Advisors Inc. Cuts Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

SRS Capital Advisors Inc. cut its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 92.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,951 shares of the company’s stock after selling 474,167 shares during the period. SRS Capital Advisors Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $1,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 4th quarter valued at about $60,773,000. Financial Enhancement Group LLC increased its stake in shares of First Trust Low Duration Opportunities ETF by 68.4% during the fourth quarter. Financial Enhancement Group LLC now owns 568,483 shares of the company’s stock worth $27,492,000 after buying an additional 230,895 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 11.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock valued at $100,808,000 after acquiring an additional 206,876 shares in the last quarter. TAP Consulting LLC lifted its stake in First Trust Low Duration Opportunities ETF by 248.3% in the fourth quarter. TAP Consulting LLC now owns 277,944 shares of the company’s stock worth $13,430,000 after acquiring an additional 198,145 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $7,792,000.

First Trust Low Duration Opportunities ETF Price Performance

Shares of LMBS traded up $0.07 during midday trading on Thursday, reaching $47.76. The stock had a trading volume of 264,380 shares, compared to its average volume of 507,630. The company’s fifty day simple moving average is $48.00 and its two-hundred day simple moving average is $47.87. First Trust Low Duration Opportunities ETF has a 1-year low of $46.58 and a 1-year high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were paid a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.