Clifford Swan Investment Counsel LLC Trims Position in First Trust Low Duration Opportunities ETF $LMBS

Clifford Swan Investment Counsel LLC decreased its holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 291,821 shares of the company’s stock after selling 11,332 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in First Trust Low Duration Opportunities ETF were worth $14,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new stake in shares of First Trust Low Duration Opportunities ETF in the 3rd quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in First Trust Low Duration Opportunities ETF during the 1st quarter valued at approximately $35,000. Bank of Montreal Can grew its holdings in shares of 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 worth $37,000 after acquiring an additional 463 shares during the period. Hazlett Burt & Watson Inc. raised its position in shares of First Trust Low Duration Opportunities ETF by 38.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after acquiring an additional 250 shares in the last quarter. Finally, Motiv8 Investments LLC purchased a new position in shares of First Trust Low Duration Opportunities ETF in the 4th quarter valued at approximately $56,000.

First Trust Low Duration Opportunities ETF Stock Down 0.0%

Shares of LMBS stock opened at $49.78 on Friday. The business’s fifty day moving average is $49.77 and its 200 day moving average is $49.98. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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.