Secure Asset Management LLC Increases Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

Secure Asset Management LLC raised its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 296,908 shares of the company’s stock after acquiring an additional 18,853 shares during the period. First Trust Low Duration Opportunities ETF makes up about 2.1% of Secure Asset Management LLC’s holdings, making the stock its 8th largest position. Secure Asset Management LLC owned 0.23% of First Trust Low Duration Opportunities ETF worth $14,780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LMBS. Betterment LLC lifted its holdings in shares of First Trust Low Duration Opportunities ETF by 11.4% in the 2nd quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after purchasing an additional 681 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF in the 2nd quarter valued at $8,409,000. Raymond James Financial Inc. increased its stake in First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares in the last quarter. Jane Street Group LLC acquired a new position in First Trust Low Duration Opportunities ETF during the second quarter worth $890,000. Finally, Bank of America Corp DE raised its holdings in First Trust Low Duration Opportunities ETF by 18.0% during the second quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after buying an additional 248,784 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.43 on Wednesday. The firm has a 50-day moving average of $49.64 and a 200-day moving average of $49.86. First Trust Low Duration Opportunities ETF has a one year low of $47.87 and a one year high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.