First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) is TAP Consulting LLC’s 6th Largest Position

TAP Consulting LLC reduced its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,496 shares of the company’s stock after selling 3,555 shares during the period. First Trust Low Duration Opportunities ETF makes up about 2.5% of TAP Consulting LLC’s investment portfolio, making the stock its 6th biggest position. TAP Consulting LLC owned approximately 0.26% of First Trust Low Duration Opportunities ETF worth $12,435,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LMBS. Farmers & Merchants Investments Inc. bought a new position in First Trust Low Duration Opportunities ETF in the fourth quarter worth approximately $47,000. Prospera Private Wealth LLC bought a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter worth $79,000. Riggs Asset Managment Co. Inc. lifted its position in First Trust Low Duration Opportunities ETF by 16.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after purchasing an additional 250 shares in the last quarter. Synergy Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter valued at about $116,000. Finally, Kestra Investment Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth about $127,000.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

LMBS stock opened at $49.21 on Thursday. The business’s 50-day moving average price is $48.83 and its 200-day moving average price is $48.91. First Trust Low Duration Opportunities ETF has a twelve month low of $45.06 and a twelve month high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given 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%.

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.