First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) Shares Sold by Cypress Capital Group

Cypress Capital Group cut its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,340 shares of the company’s stock after selling 5,561 shares during the period. Cypress Capital Group’s holdings in First Trust Low Duration Opportunities ETF were worth $1,039,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Claro Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% in the 4th quarter. Claro Advisors LLC now owns 8,861 shares of the company’s stock valued at $431,000 after acquiring an additional 249 shares during the period. Riggs Asset Managment Co. Inc. increased its position in shares of First Trust Low Duration Opportunities ETF by 16.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock valued at $87,000 after acquiring an additional 250 shares during the period. Nations Financial Group Inc. IA ADV increased its position in shares of First Trust Low Duration Opportunities ETF by 1.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,468 shares of the company’s stock valued at $1,456,000 after acquiring an additional 386 shares during the period. Pinnacle Family Advisors LLC increased its position in shares of First Trust Low Duration Opportunities ETF by 4.3% in the 3rd quarter. Pinnacle Family Advisors LLC now owns 9,508 shares of the company’s stock valued at $470,000 after acquiring an additional 391 shares during the period. Finally, Holistic Financial Partners increased its position in shares of First Trust Low Duration Opportunities ETF by 2.9% in the 3rd quarter. Holistic Financial Partners now owns 14,921 shares of the company’s stock valued at $737,000 after acquiring an additional 419 shares during the period.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ LMBS opened at $49.05 on Thursday. The stock’s fifty day moving average price is $48.73 and its 200 day moving average price is $48.90. First Trust Low Duration Opportunities ETF has a 1 year low of $45.06 and a 1 year high of $51.49.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.17 per share. This represents a $2.04 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Friday, February 21st.

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.