First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stock Position Lifted by Tucker Asset Management LLC

Tucker Asset Management LLC lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 46.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,792 shares of the company’s stock after acquiring an additional 884 shares during the quarter. Tucker Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $136,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LMBS. Principal Securities Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 26.2% in the fourth quarter. Principal Securities Inc. now owns 18,690 shares of the company’s stock worth $910,000 after purchasing an additional 3,875 shares during the period. US Bancorp DE raised its holdings in shares of First Trust Low Duration Opportunities ETF by 66.9% during the fourth quarter. US Bancorp DE now owns 6,177 shares of the company’s stock worth $301,000 after purchasing an additional 2,476 shares during the period. Claro Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 2.9% in the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after buying an additional 249 shares during the period. Arbor Capital Management Inc. ADV grew its position in shares of First Trust Low Duration Opportunities ETF by 32.5% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 8,162 shares of the company’s stock valued at $397,000 after buying an additional 2,003 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 2.0% during the third quarter. HighTower Advisors LLC now owns 349,475 shares of the company’s stock worth $17,273,000 after acquiring an additional 6,854 shares during the period.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS stock opened at $49.15 on Friday. The business has a 50 day moving average of $48.92 and a two-hundred day moving average of $48.91. First Trust Low Duration Opportunities ETF has a 52 week low of $45.06 and a 52 week high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, March 27th. This represents a $2.04 dividend on an annualized basis and a yield of 4.15%.

First Trust Low Duration Opportunities ETF Company 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.