Condor Capital Management Grows Stock Holdings in First Trust Low Duration Opportunities ETF (NASDAQ:LMBS)

Condor Capital Management lifted its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 3.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 325,012 shares of the company’s stock after acquiring an additional 11,995 shares during the quarter. First Trust Low Duration Opportunities ETF comprises approximately 1.4% of Condor Capital Management’s holdings, making the stock its 21st largest position. Condor Capital Management’s holdings in First Trust Low Duration Opportunities ETF were worth $15,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMBS. Prospera Private Wealth LLC purchased a new position in First Trust Low Duration Opportunities ETF in the 3rd quarter valued at approximately $79,000. Cypress Capital Group raised its holdings in shares of First Trust Low Duration Opportunities ETF by 7.7% in the third quarter. Cypress Capital Group now owns 26,901 shares of the company’s stock valued at $1,329,000 after buying an additional 1,925 shares during the last quarter. Trustmark National Bank Trust Department raised its holdings in First Trust Low Duration Opportunities ETF by 115.7% during the third quarter. Trustmark National Bank Trust Department now owns 9,322 shares of the company’s stock worth $461,000 after purchasing an additional 5,000 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust Low Duration Opportunities ETF by 12.2% during the third quarter. LPL Financial LLC now owns 8,560,709 shares of the company’s stock worth $422,985,000 after purchasing an additional 929,010 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in First Trust Low Duration Opportunities ETF by 24.4% during the third quarter. Cerity Partners LLC now owns 382,949 shares of the company’s stock worth $18,922,000 after purchasing an additional 75,143 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Up 0.2 %

Shares of First Trust Low Duration Opportunities ETF stock opened at $49.21 on Thursday. The company has a 50-day moving average of $48.83 and a two-hundred day moving average of $48.91. First Trust Low Duration Opportunities ETF has a 12-month low of $45.06 and a 12-month high of $51.49.

First Trust Low Duration Opportunities ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.04 annualized dividend and a dividend yield of 4.15%.

About First Trust Low Duration Opportunities ETF

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.