TCP Asset Management LLC Increases Stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TCP Asset Management LLC boosted its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,936 shares of the company’s stock after purchasing an additional 5,788 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 1.5% of TCP Asset Management LLC’s portfolio, making the stock its 22nd largest position. TCP Asset Management LLC owned about 0.15% of First Trust Low Duration Opportunities ETF worth $6,859,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMBS. AE Wealth Management LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 5.0% during the 2nd quarter. AE Wealth Management LLC now owns 281,809 shares of the company’s stock worth $13,541,000 after buying an additional 13,378 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in First Trust Low Duration Opportunities ETF by 9.0% during the second quarter. Ameritas Investment Partners Inc. now owns 137,894 shares of the company’s stock worth $6,626,000 after acquiring an additional 11,362 shares during the last quarter. Treynor Bancshares Inc. raised its holdings in shares of First Trust Low Duration Opportunities ETF by 9.0% in the 2nd quarter. Treynor Bancshares Inc. now owns 63,918 shares of the company’s stock worth $3,071,000 after purchasing an additional 5,293 shares during the period. Raab & Moskowitz Asset Management LLC lifted its stake in shares of First Trust Low Duration Opportunities ETF by 15.1% in the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 10,692 shares of the company’s stock valued at $514,000 after purchasing an additional 1,404 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth about $7,337,000.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $48.72 on Friday. First Trust Low Duration Opportunities ETF has a one year low of $45.06 and a one year high of $51.49. The company’s 50 day moving average price is $48.71 and its 200 day moving average price is $48.87.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced 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 was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend 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.