Clifford Swan Investment Counsel LLC Boosts Stake in First Trust Low Duration Opportunities ETF $LMBS

Clifford Swan Investment Counsel LLC lifted its position in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.0% in the 2nd quarter, Holdings Channel reports. The fund owned 303,619 shares of the company’s stock after acquiring an additional 11,798 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $15,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMBS. Palisade Asset Management LLC purchased a new stake in First Trust Low Duration Opportunities ETF in the third quarter worth $26,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 1st quarter worth about $35,000. Bank of Montreal Can lifted its position in First Trust Low Duration Opportunities ETF by 169.0% during the 4th quarter. Bank of Montreal Can now owns 737 shares of the company’s stock valued at $37,000 after acquiring an additional 463 shares during the period. Hazlett Burt & Watson Inc. lifted its position in First Trust Low Duration Opportunities ETF by 38.5% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock valued at $44,000 after acquiring an additional 250 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in First Trust Low Duration Opportunities ETF during the fourth quarter worth about $56,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of LMBS opened at $49.48 on Tuesday. First Trust Low Duration Opportunities ETF has a fifty-two week low of $47.87 and a fifty-two week high of $51.98. The firm’s 50-day simple moving average is $49.64 and its two-hundred day simple moving average is $49.86.

First Trust Low Duration Opportunities ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.17 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 21st.

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.