Private Trust Co. NA Trims Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Private Trust Co. NA decreased its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,540 shares of the company’s stock after selling 682 shares during the period. Private Trust Co. NA’s holdings in First Trust Long Duration Opportunities ETF were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LGOV. CWM LLC increased its position in First Trust Long Duration Opportunities ETF by 93.3% during the 2nd quarter. CWM LLC now owns 2,598 shares of the company’s stock worth $56,000 after purchasing an additional 1,254 shares during the period. Rossby Financial LCC acquired a new position in First Trust Long Duration Opportunities ETF during the 1st quarter worth approximately $95,000. Synergy Investment Management LLC increased its position in First Trust Long Duration Opportunities ETF by 9.5% during the 1st quarter. Synergy Investment Management LLC now owns 9,156 shares of the company’s stock worth $197,000 after purchasing an additional 795 shares during the period. HBK Sorce Advisory LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 1st quarter worth approximately $315,000. Finally, Apollon Wealth Management LLC increased its position in First Trust Long Duration Opportunities ETF by 14.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock worth $342,000 after purchasing an additional 2,056 shares during the period. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 0.4%

NYSEARCA LGOV opened at $22.13 on Friday. The business’s 50 day moving average is $21.79 and its two-hundred day moving average is $21.41. First Trust Long Duration Opportunities ETF has a 12-month low of $19.91 and a 12-month high of $22.24. The stock has a market capitalization of $661.69 million, a price-to-earnings ratio of -11,610.70 and a beta of 0.12.

First Trust Long Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.0775 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, November 3rd. First Trust Long Duration Opportunities ETF’s dividend payout ratio (DPR) is presently -44,596.01%.

About First Trust Long Duration Opportunities ETF

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation.