First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Stake Boosted by TD Capital Management LLC

TD Capital Management LLC increased its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,453 shares of the company’s stock after acquiring an additional 30,856 shares during the period. First Trust Low Duration Opportunities ETF comprises approximately 1.7% of TD Capital Management LLC’s portfolio, making the stock its 15th biggest holding. TD Capital Management LLC owned about 0.39% of First Trust Low Duration Opportunities ETF worth $16,311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LMBS. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Low Duration Opportunities ETF by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,011,574 shares of the company’s stock valued at $96,656,000 after buying an additional 10,854 shares in the last quarter. Global Assets Advisory LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 4,688.2% in the 1st quarter. Global Assets Advisory LLC now owns 1,290,892 shares of the company’s stock valued at $62,286,000 after acquiring an additional 1,263,932 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Low Duration Opportunities ETF by 114.6% in the 1st quarter. Cetera Investment Advisers now owns 800,093 shares of the company’s stock worth $38,604,000 after purchasing an additional 427,232 shares during the last quarter. Raymond James & Associates boosted its position in First Trust Low Duration Opportunities ETF by 1.3% during the second quarter. Raymond James & Associates now owns 763,874 shares of the company’s stock worth $36,704,000 after purchasing an additional 10,148 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in First Trust Low Duration Opportunities ETF by 13.1% during the second quarter. Concurrent Investment Advisors LLC now owns 704,129 shares of the company’s stock valued at $33,833,000 after purchasing an additional 81,638 shares during the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.27 on Friday. The company’s 50 day moving average is $48.74 and its 200-day moving average is $48.29. First Trust Low Duration Opportunities ETF has a 12 month low of $45.06 and a 12 month high of $49.92.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.04 annualized dividend and a yield of 4.14%.

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.