Searcy Financial Services Inc. ADV Buys 22,080 Shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Searcy Financial Services Inc. ADV raised its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 380,588 shares of the company’s stock after buying an additional 22,080 shares during the quarter. First Trust Low Duration Opportunities ETF comprises 8.6% of Searcy Financial Services Inc. ADV’s portfolio, making the stock its 5th biggest position. Searcy Financial Services Inc. ADV owned 0.39% of First Trust Low Duration Opportunities ETF worth $18,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of First Trust Low Duration Opportunities ETF by 12.2% in the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after acquiring an additional 929,010 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Low Duration Opportunities ETF by 1.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 964,019 shares of the company’s stock worth $46,321,000 after purchasing an additional 15,450 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Low Duration Opportunities ETF by 17.5% during the 2nd quarter. Cetera Investment Advisers now owns 940,225 shares of the company’s stock worth $45,178,000 after buying an additional 140,132 shares during the period. Raymond James & Associates lifted its stake in First Trust Low Duration Opportunities ETF by 6.0% in the third quarter. Raymond James & Associates now owns 809,835 shares of the company’s stock valued at $40,014,000 after buying an additional 45,961 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Low Duration Opportunities ETF by 7.0% in the third quarter. Concurrent Investment Advisors LLC now owns 753,068 shares of the company’s stock valued at $37,209,000 after buying an additional 48,939 shares during the period.

First Trust Low Duration Opportunities ETF Trading Down 0.1 %

Shares of NASDAQ:LMBS traded down $0.05 during midday trading on Monday, reaching $48.38. 347,156 shares of the company were exchanged, compared to its average volume of 685,988. First Trust Low Duration Opportunities ETF has a fifty-two week low of $45.06 and a fifty-two week high of $51.49. The stock has a fifty day simple moving average of $48.73 and a two-hundred day simple moving average of $48.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.22%.

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.