Cypress Capital Group Has $264,000 Holdings in First Trust Low Duration Opportunities ETF $LMBS

Cypress Capital Group lessened its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 72.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,305 shares of the company’s stock after selling 13,700 shares during the quarter. Cypress Capital Group’s holdings in First Trust Low Duration Opportunities ETF were worth $264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in First Trust Low Duration Opportunities ETF by 2.5% during the 4th quarter. Morgan Stanley now owns 14,150,597 shares of the company’s stock valued at $707,388,000 after purchasing an additional 338,741 shares during the period. Wells Fargo & Company MN boosted its position in shares of First Trust Low Duration Opportunities ETF by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 5,522,020 shares of the company’s stock worth $276,046,000 after buying an additional 87,626 shares during the period. Raymond James Financial Inc. boosted its position in shares of First Trust Low Duration Opportunities ETF by 6.7% in the fourth quarter. Raymond James Financial Inc. now owns 4,066,736 shares of the company’s stock worth $203,296,000 after buying an additional 256,318 shares during the period. Royal Bank of Canada grew its holdings in shares of First Trust Low Duration Opportunities ETF by 7.5% during the fourth quarter. Royal Bank of Canada now owns 2,870,141 shares of the company’s stock valued at $143,479,000 after buying an additional 199,486 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of First Trust Low Duration Opportunities ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 2,551,727 shares of the company’s stock valued at $127,102,000 after buying an additional 171,648 shares in the last quarter.

First Trust Low Duration Opportunities ETF Price Performance

NASDAQ:LMBS opened at $49.37 on Monday. First Trust Low Duration Opportunities ETF has a 1-year low of $47.87 and a 1-year high of $51.98. The business’s fifty day moving average price is $49.74 and its 200 day moving average price is $49.96.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

First Trust Low Duration Opportunities ETF Company 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.