Citadel Advisors LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 119.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,052,410 shares of the company’s stock after buying an additional 572,772 shares during the period. Citadel Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $22,522,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in LGOV. Fifth Third Bancorp acquired a new position in First Trust Long Duration Opportunities ETF in 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 in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. boosted its holdings in First Trust Long Duration Opportunities ETF by 31.6% in the first quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock worth $42,000 after purchasing an additional 464 shares in the last quarter. Larson Financial Group LLC increased its position in First Trust Long Duration Opportunities ETF by 21.3% during the third quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after buying an additional 469 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in First Trust Long Duration Opportunities ETF during the third quarter valued at about $61,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.
First Trust Long Duration Opportunities ETF Price Performance
Shares of NYSEARCA:LGOV opened at $20.78 on Monday. The stock has a market capitalization of $615.09 million, a P/E ratio of -10,902.41 and a beta of 0.34. The business has a 50-day moving average of $21.05 and a two-hundred day moving average of $21.42. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two 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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