Secure Asset Management LLC Purchases 11,896 Shares of First Trust Low Duration Opportunities ETF $LMBS

Secure Asset Management LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,620 shares of the company’s stock after buying an additional 11,896 shares during the period. First Trust Low Duration Opportunities ETF makes up about 2.0% of Secure Asset Management LLC’s investment portfolio, making the stock its 9th largest holding. Secure Asset Management LLC owned about 0.22% of First Trust Low Duration Opportunities ETF worth $12,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LMBS. Palisade Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the third quarter worth $26,000. CX Institutional bought a new stake in First Trust Low Duration Opportunities ETF during the third quarter worth approximately $28,000. Financial Network Wealth Advisors LLC acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at $29,000. Hollencrest Capital Management acquired a new stake in shares of First Trust Low Duration Opportunities ETF during the second quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in First Trust Low Duration Opportunities ETF by 160.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 650 shares of the company’s stock valued at $32,000 after buying an additional 400 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $49.88 on Monday. The firm has a 50 day simple moving average of $50.13 and a 200 day simple moving average of $50.04. First Trust Low Duration Opportunities ETF has a 52 week low of $48.37 and a 52 week high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.17 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, March 26th.

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.