TAP Consulting LLC Decreases Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TAP Consulting LLC trimmed its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,496 shares of the company’s stock after selling 3,555 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 2.5% of TAP Consulting LLC’s holdings, making the stock its 6th biggest position. TAP Consulting LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $12,435,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at approximately $149,264,000. Commonwealth Equity Services LLC increased its stake in First Trust Low Duration Opportunities ETF by 31.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 822,928 shares of the company’s stock worth $40,052,000 after acquiring an additional 194,923 shares during the last quarter. Clearwater Capital Advisors LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 10.5% during the 4th quarter. Clearwater Capital Advisors LLC now owns 723,979 shares of the company’s stock worth $35,236,000 after acquiring an additional 68,712 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of First Trust Low Duration Opportunities ETF by 94.9% during the 4th quarter. Private Advisor Group LLC now owns 454,078 shares of the company’s stock valued at $22,100,000 after acquiring an additional 221,157 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.21 on Thursday. The company’s fifty day moving average is $48.83 and its 200 day moving average is $48.91. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.15%.

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.