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

Cypress Capital Group reduced its stake in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 20.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,340 shares of the company’s stock after selling 5,561 shares during the quarter. Cypress Capital Group’s holdings in First Trust Low Duration Opportunities ETF were worth $1,039,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $47,000. Prospera Private Wealth LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth about $79,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of First Trust Low Duration Opportunities ETF by 16.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 1,793 shares of the company’s stock worth $87,000 after acquiring an additional 250 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $116,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF during the 4th quarter worth about $127,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock opened at $49.05 on Thursday. The company’s 50-day simple moving average is $48.73 and its 200-day simple moving average is $48.90. First Trust Low Duration Opportunities ETF has a 52-week low of $45.06 and a 52-week 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. Investors of record on Friday, February 21st were paid a $0.17 dividend. This represents a $2.04 dividend on an annualized basis 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.