Searcy Financial Services Inc. ADV Sells 25,115 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Searcy Financial Services Inc. ADV lowered its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 379,817 shares of the company’s stock after selling 25,115 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 9.3% of Searcy Financial Services Inc. ADV’s holdings, making the stock its 5th biggest holding. Searcy Financial Services Inc. ADV owned approximately 0.46% of First Trust Low Duration Opportunities ETF worth $18,326,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mutual Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 4.9% in the 3rd quarter. Mutual Advisors LLC now owns 38,655 shares of the company’s stock valued at $1,826,000 after purchasing an additional 1,807 shares during the last quarter. Tyler Stone Wealth Management boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 10.4% in the 3rd quarter. Tyler Stone Wealth Management now owns 6,544 shares of the company’s stock valued at $309,000 after purchasing an additional 617 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 5.7% in the 3rd quarter. SRS Capital Advisors Inc. now owns 511,118 shares of the company’s stock valued at $24,145,000 after purchasing an additional 27,527 shares during the last quarter. Financial Planning & Information Services Inc. boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 10.7% in the 3rd quarter. Financial Planning & Information Services Inc. now owns 274,031 shares of the company’s stock valued at $12,945,000 after purchasing an additional 26,422 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 22.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 120,152 shares of the company’s stock valued at $5,676,000 after purchasing an additional 21,705 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.1 %

Shares of LMBS traded down $0.03 during mid-day trading on Friday, reaching $48.05. The company had a trading volume of 458,563 shares, compared to its average volume of 451,438. The firm has a fifty day simple moving average of $48.04 and a 200-day simple moving average of $48.12. First Trust Low Duration Opportunities ETF has a fifty-two week low of $46.58 and a fifty-two week high of $48.55.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Thursday, June 27th.

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.