TAP Consulting LLC Grows Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

TAP Consulting LLC boosted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 248.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 277,944 shares of the company’s stock after acquiring an additional 198,145 shares during the quarter. First Trust Low Duration Opportunities ETF accounts for 3.2% of TAP Consulting LLC’s holdings, making the stock its 4th largest holding. TAP Consulting LLC owned 0.34% of First Trust Low Duration Opportunities ETF worth $13,430,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its position 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 valued at $104,000 after purchasing an additional 445 shares in the last quarter. CWM LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 26.2% in the 3rd quarter. CWM LLC now owns 3,979 shares of the company’s stock worth $188,000 after buying an additional 826 shares during the last quarter. OneAscent Financial Services LLC raised its position in First Trust Low Duration Opportunities ETF by 7.7% during the fourth quarter. OneAscent Financial Services LLC now owns 4,669 shares of the company’s stock valued at $226,000 after purchasing an additional 334 shares in the last quarter. W.H. Cornerstone Investments Inc. purchased a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter valued at about $224,000. Finally, Trueblood Wealth Management LLC bought a new stake in shares of First Trust Low Duration Opportunities ETF in the 4th quarter worth approximately $251,000.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS stock traded down $0.06 during midday trading on Thursday, hitting $47.58. The company had a trading volume of 306,264 shares, compared to its average volume of 517,762. First Trust Low Duration Opportunities ETF has a 52 week low of $46.58 and a 52 week high of $48.55. The stock’s 50 day moving average price is $48.04 and its 200 day moving average price is $47.85.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.41%.

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.