TCP Asset Management LLC Has $8.38 Million Stock Holdings in First Trust Low Duration Opportunities ETF $LMBS

TCP Asset Management LLC grew its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 9.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 167,591 shares of the company’s stock after buying an additional 14,214 shares during the quarter. First Trust Low Duration Opportunities ETF makes up approximately 1.4% of TCP Asset Management LLC’s portfolio, making the stock its 22nd largest position. TCP Asset Management LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $8,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LMBS. Northeast Planning Associates INC. NH increased its position in First Trust Low Duration Opportunities ETF by 7.1% during the second quarter. Northeast Planning Associates INC. NH now owns 52,797 shares of the company’s stock worth $2,601,000 after acquiring an additional 3,491 shares during the period. Entruity Wealth LLC boosted its holdings in First Trust Low Duration Opportunities ETF by 2.1% in the 2nd quarter. Entruity Wealth LLC now owns 126,722 shares of the company’s stock valued at $6,242,000 after purchasing an additional 2,604 shares during the period. Titleist Asset Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $202,000. Global Retirement Partners LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter worth approximately $755,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 0.5% during the second quarter. Ameritas Investment Partners Inc. now owns 172,059 shares of the company’s stock worth $8,476,000 after purchasing an additional 824 shares during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.4%

Shares of LMBS stock opened at $49.88 on Friday. The stock has a 50 day simple moving average of $50.21 and a 200 day simple moving average of $50.04. First Trust Low Duration Opportunities ETF has a 1 year low of $48.37 and a 1 year high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 4.1%.

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.