Iams Wealth Management LLC trimmed its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 75.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,919 shares of the company’s stock after selling 96,942 shares during the period. Iams Wealth Management LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $606,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Enhancement Group LLC lifted its position in First Trust Long Duration Opportunities ETF by 161.0% in the third quarter. Financial Enhancement Group LLC now owns 1,290,981 shares of the company’s stock valued at $25,226,000 after acquiring an additional 796,261 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Long Duration Opportunities ETF by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 827,103 shares of the company’s stock valued at $17,700,000 after acquiring an additional 14,495 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in First Trust Long Duration Opportunities ETF by 8.7% in the second quarter. Integrated Wealth Concepts LLC now owns 535,772 shares of the company’s stock valued at $11,466,000 after acquiring an additional 42,686 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of First Trust Long Duration Opportunities ETF by 119.4% during the second quarter. Citadel Advisors LLC now owns 1,052,410 shares of the company’s stock worth $22,522,000 after purchasing an additional 572,772 shares during the last quarter. Finally, Asset Allocation Strategies LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF during the second quarter worth about $241,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.
First Trust Long Duration Opportunities ETF Stock Performance
Shares of LGOV stock opened at $20.13 on Friday. The stock’s 50-day moving average is $20.42 and its two-hundred day moving average is $21.04. First Trust Long Duration Opportunities ETF has a 1 year low of $19.40 and a 1 year high of $23.59. The firm has a market cap of $603.90 million, a price-to-earnings ratio of -10,561.39 and a beta of 0.35.
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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.
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