Cypress Capital Group Has $1.75 Million Position in First Trust Low Duration Opportunities ETF $LMBS

Cypress Capital Group boosted its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 10.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,550 shares of the company’s stock after acquiring an additional 3,295 shares during the quarter. Cypress Capital Group’s holdings in First Trust Low Duration Opportunities ETF were worth $1,751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its stake in shares of First Trust Low Duration Opportunities ETF by 11.2% in the 1st quarter. Raymond James Financial Inc. now owns 3,410,262 shares of the company’s stock valued at $167,648,000 after purchasing an additional 343,406 shares during the period. Commonwealth Equity Services LLC boosted its stake in First Trust Low Duration Opportunities ETF by 21.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 996,316 shares of the company’s stock valued at $48,979,000 after buying an additional 173,388 shares in the last quarter. Berger Financial Group Inc grew its position in First Trust Low Duration Opportunities ETF by 2.1% in the second quarter. Berger Financial Group Inc now owns 991,200 shares of the company’s stock valued at $48,827,000 after acquiring an additional 20,827 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in First Trust Low Duration Opportunities ETF by 13.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 796,139 shares of the company’s stock valued at $39,138,000 after acquiring an additional 93,675 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in First Trust Low Duration Opportunities ETF by 4.5% during the second quarter. Concurrent Investment Advisors LLC now owns 775,525 shares of the company’s stock worth $38,202,000 after acquiring an additional 33,469 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

Shares of NASDAQ LMBS opened at $49.97 on Monday. First Trust Low Duration Opportunities ETF has a 52-week low of $48.32 and a 52-week high of $50.25. The business has a fifty day moving average of $49.70 and a two-hundred day moving average of $49.26.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.17 dividend. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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.