Baird Financial Group Inc. Has $23.35 Million Holdings in First Trust Low Duration Opportunities ETF $LMBS

Baird Financial Group Inc. cut its position in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 8.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 469,054 shares of the company’s stock after selling 45,890 shares during the quarter. Baird Financial Group Inc.’s holdings in First Trust Low Duration Opportunities ETF were worth $23,350,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LMBS. Palisade Asset Management LLC bought a new position in shares of First Trust Low Duration Opportunities ETF during the 3rd quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Trust Low Duration Opportunities ETF in the first quarter worth $35,000. Bank of Montreal Can boosted its holdings in First Trust Low Duration Opportunities ETF by 169.0% during the fourth quarter. Bank of Montreal Can now owns 737 shares of the company’s stock worth $37,000 after purchasing an additional 463 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in First Trust Low Duration Opportunities ETF by 38.5% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 900 shares of the company’s stock worth $44,000 after purchasing an additional 250 shares during the last quarter. Finally, Coppell Advisory Solutions LLC bought a new position in First Trust Low Duration Opportunities ETF in the second quarter valued at approximately $49,000.

First Trust Low Duration Opportunities ETF Stock Performance

Shares of NASDAQ:LMBS opened at $49.16 on Friday. The business has a 50 day moving average of $49.57 and a 200-day moving average of $49.80. First Trust Low Duration Opportunities ETF has a 12-month low of $47.87 and a 12-month high of $51.98.

First Trust Low Duration Opportunities ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) annualized dividend and a yield of 4.1%.

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.