TCP Asset Management LLC Purchases 30,825 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TCP Asset Management LLC boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 31.7% during the first quarter, HoldingsChannel reports. The fund owned 127,951 shares of the company’s stock after buying an additional 30,825 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 1.6% of TCP Asset Management LLC’s holdings, making the stock its 22nd biggest position. TCP Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $6,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new position in First Trust Low Duration Opportunities ETF during the 4th quarter valued at about $27,000. Scarborough Advisors LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF during the fourth quarter worth about $64,000. Harbor Investment Advisory LLC grew its holdings in shares of First Trust Low Duration Opportunities ETF by 26.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock worth $104,000 after purchasing an additional 445 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 46.8% during the first quarter. Pinnacle Bancorp Inc. now owns 2,685 shares of the company’s stock worth $130,000 after purchasing an additional 856 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of First Trust Low Duration Opportunities ETF by 1,405.7% during the fourth quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock worth $180,000 after purchasing an additional 3,472 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of NASDAQ LMBS traded up $0.08 during midday trading on Wednesday, hitting $48.11. 176,799 shares of the company’s stock were exchanged, compared to its average volume of 447,693. First Trust Low Duration Opportunities ETF has a 12-month low of $46.58 and a 12-month high of $48.55. The business’s fifty day moving average price is $48.05 and its two-hundred day moving average price is $48.12.

First Trust Low Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.17 dividend. This represents a $2.04 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend 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.