Clifford Swan Investment Counsel LLC Lowers Stock Position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Clifford Swan Investment Counsel LLC cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 243,019 shares of the company’s stock after selling 53,120 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $11,743,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth $27,000. Harbor Investment Advisory LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 26.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company’s stock valued at $104,000 after purchasing an additional 445 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in First Trust Low Duration Opportunities ETF by 1,405.7% during the fourth quarter. Benjamin Edwards Inc. now owns 3,719 shares of the company’s stock valued at $180,000 after purchasing an additional 3,472 shares in the last quarter. CWM LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 17.1% during the fourth quarter. CWM LLC now owns 4,658 shares of the company’s stock valued at $225,000 after purchasing an additional 679 shares in the last quarter. Finally, OneAscent Financial Services LLC lifted its holdings in First Trust Low Duration Opportunities ETF by 7.7% during the fourth quarter. OneAscent Financial Services LLC now owns 4,669 shares of the company’s stock valued at $226,000 after purchasing an additional 334 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS traded up $0.14 during midday trading on Friday, hitting $47.89. 210,752 shares of the company traded hands, compared to its average volume of 505,719. First Trust Low Duration Opportunities ETF has a 52-week low of $46.58 and a 52-week high of $48.55. The business has a 50 day simple moving average of $48.00 and a two-hundred day simple moving average of $47.89.

First Trust Low Duration Opportunities ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were issued a dividend of $0.175 per share. This represents a $2.10 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Tuesday, April 23rd.

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.