TAP Consulting LLC Buys 10,565 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TAP Consulting LLC raised its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 262,664 shares of the company’s stock after purchasing an additional 10,565 shares during the period. First Trust Low Duration Opportunities ETF accounts for approximately 2.7% of TAP Consulting LLC’s investment portfolio, making the stock its 6th biggest position. TAP Consulting LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $12,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Assets Advisory LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 4,688.2% in the first quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after acquiring an additional 1,263,932 shares in the last quarter. Trilogy Capital Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 2,194.1% in the first quarter. Trilogy Capital Inc. now owns 471,010 shares of the company’s stock valued at $22,726,000 after acquiring an additional 450,479 shares in the last quarter. Brookstone Capital Management grew its stake in shares of First Trust Low Duration Opportunities ETF by 2,052.6% in the second quarter. Brookstone Capital Management now owns 471,136 shares of the company’s stock valued at $22,944,000 after acquiring an additional 449,249 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Low Duration Opportunities ETF by 114.6% in the first quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock valued at $38,604,000 after acquiring an additional 427,232 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of First Trust Low Duration Opportunities ETF by 196.2% in the first quarter. Cetera Advisors LLC now owns 260,567 shares of the company’s stock valued at $12,572,000 after acquiring an additional 172,593 shares in the last quarter.

First Trust Low Duration Opportunities ETF Trading Up 0.1 %

Shares of LMBS stock traded up $0.04 on Friday, hitting $49.31. The company’s stock had a trading volume of 313,407 shares, compared to its average volume of 464,169. The stock’s 50 day moving average is $48.77 and its 200-day moving average is $48.30. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.04 dividend on an annualized basis and a yield of 4.14%.

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.