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

Cypress Capital Group decreased its stake in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 72.1% in the first quarter, Holdings Channel reports. 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 SEC filing.

Other institutional investors also recently modified their holdings of the company. Betterment LLC raised its holdings in shares of First Trust Low Duration Opportunities ETF by 11.4% during the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after acquiring an additional 681 shares in the last quarter. Darwin Wealth Management LLC acquired a new stake in First Trust Low Duration Opportunities ETF during the second quarter valued at $8,409,000. Raymond James Financial Inc. grew its stake in First Trust Low Duration Opportunities ETF by 5.4% in the second quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after purchasing an additional 185,249 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at about $890,000. Finally, Bank of America Corp DE increased its position in First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock worth $80,319,000 after purchasing an additional 248,784 shares during the last quarter.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of LMBS stock opened at $49.37 on Monday. 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 stock’s 50-day moving average is $49.74 and its two-hundred day moving average is $49.96.

First Trust Low Duration Opportunities ETF Dividend Announcement

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