APS Management Group Inc. Makes New Investment in First Trust Low Duration Opportunities ETF $LMBS

APS Management Group Inc. acquired a new position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,830 shares of the company’s stock, valued at approximately $2,680,000. First Trust Low Duration Opportunities ETF accounts for 1.9% of APS Management Group Inc.’s portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the first quarter worth $227,000. Belpointe Asset Management LLC raised its position in shares of First Trust Low Duration Opportunities ETF by 236.9% during the 1st quarter. Belpointe Asset Management LLC now owns 49,750 shares of the company’s stock worth $2,446,000 after acquiring an additional 34,981 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 1.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 127,647 shares of the company’s stock worth $6,275,000 after acquiring an additional 2,094 shares in the last quarter. TrueWealth Advisors LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $261,000. Finally, Dominguez Wealth Management Solutions Inc. increased its position in First Trust Low Duration Opportunities ETF by 1.6% during the second quarter. Dominguez Wealth Management Solutions Inc. now owns 64,272 shares of the company’s stock worth $3,166,000 after buying an additional 1,035 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

NASDAQ LMBS opened at $49.90 on Wednesday. The firm’s fifty day moving average is $49.99 and its two-hundred day moving average is $49.73. First Trust Low Duration Opportunities ETF has a one year low of $48.32 and a one year high of $50.25.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, December 12th.

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.