First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Acquired by Searcy Financial Services Inc. ADV

Searcy Financial Services Inc. ADV raised its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 380,588 shares of the company’s stock after acquiring an additional 22,080 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 8.6% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 5th biggest holding. Searcy Financial Services Inc. ADV’s holdings in First Trust Low Duration Opportunities ETF were worth $18,523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMBS. Hershey Financial Advisers LLC bought a new stake in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. bought a new stake in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at $76,000. Prospera Private Wealth LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $79,000. Pinnacle Bancorp Inc. boosted its position in First Trust Low Duration Opportunities ETF by 23.4% during the third quarter. Pinnacle Bancorp Inc. now owns 3,226 shares of the company’s stock worth $159,000 after purchasing an additional 611 shares during the period. Finally, Zions Bancorporation N.A. acquired a new position in shares of First Trust Low Duration Opportunities ETF in the second quarter valued at $192,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ LMBS traded down $0.05 during mid-day trading on Monday, reaching $48.38. 347,156 shares of the company were exchanged, compared to its average volume of 685,988. The company’s 50-day simple moving average is $48.73 and its 200-day simple moving average is $48.86. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a yield of 4.22%.

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.