NewEdge Advisors LLC lessened its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 12.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,685 shares of the company’s stock after selling 28,126 shares during the quarter. NewEdge Advisors LLC owned approximately 0.62% of First Trust Long Duration Opportunities ETF worth $4,113,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of LGOV. Fifth Third Bancorp acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 1st quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. raised its position in shares of First Trust Long Duration Opportunities ETF by 31.6% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock worth $42,000 after acquiring an additional 464 shares in the last quarter. Larson Financial Group LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after acquiring an additional 469 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the third quarter worth approximately $61,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.
First Trust Long Duration Opportunities ETF Stock Up 0.0%
Shares of LGOV opened at $20.98 on Friday. The stock has a 50 day moving average price of $21.29 and a 200 day moving average price of $21.60. The company has a market capitalization of $621.01 million, a price-to-earnings ratio of -11,007.35 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 52-week low of $20.45 and a 52-week high of $23.59.
First Trust Long Duration Opportunities ETF Profile
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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.
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