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

Clifford Swan Investment Counsel LLC cut its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 17.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 243,019 shares of the company’s stock after selling 53,120 shares during the period. Clifford Swan Investment Counsel LLC owned about 0.30% of First Trust Low Duration Opportunities ETF worth $11,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in First Trust Low Duration Opportunities ETF in the fourth quarter worth $60,773,000. Financial Enhancement Group LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 68.4% during the fourth quarter. Financial Enhancement Group LLC now owns 568,483 shares of the company’s stock valued at $27,492,000 after acquiring an additional 230,895 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of First Trust Low Duration Opportunities ETF by 11.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,086,256 shares of the company’s stock valued at $100,808,000 after acquiring an additional 206,876 shares during the last quarter. TAP Consulting LLC raised its stake in shares of First Trust Low Duration Opportunities ETF by 248.3% during the fourth quarter. TAP Consulting LLC now owns 277,944 shares of the company’s stock valued at $13,430,000 after acquiring an additional 198,145 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of First Trust Low Duration Opportunities ETF during the third quarter valued at about $7,792,000.

First Trust Low Duration Opportunities ETF Price Performance

LMBS stock traded up $0.14 during trading on Friday, reaching $47.89. The company had a trading volume of 210,752 shares, 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 moving average of $48.00 and a 200 day moving average of $47.89.

First Trust Low Duration Opportunities ETF Dividend Announcement

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