HighTower Advisors LLC reduced its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 39.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 369,993 shares of the company’s stock after selling 241,575 shares during the period. HighTower Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $8,077,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in First Trust Long Duration Opportunities ETF by 2.9% in the 4th quarter. Stephens Inc. AR now owns 671,371 shares of the company’s stock worth $14,656,000 after purchasing an additional 19,229 shares during the period. Western Wealth Management LLC raised its position in First Trust Long Duration Opportunities ETF by 14.3% in the 4th quarter. Western Wealth Management LLC now owns 30,136 shares of the company’s stock worth $658,000 after purchasing an additional 3,768 shares during the period. World Investment Advisors purchased a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter worth about $225,000. Tsfg LLC raised its position in First Trust Long Duration Opportunities ETF by 40.0% in the 4th quarter. Tsfg LLC now owns 259,713 shares of the company’s stock worth $5,670,000 after purchasing an additional 74,227 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter worth about $26,000. 0.03% of the stock is owned by hedge funds and other institutional investors.
First Trust Long Duration Opportunities ETF Price Performance
First Trust Long Duration Opportunities ETF stock opened at $21.33 on Wednesday. First Trust Long Duration Opportunities ETF has a 1-year low of $20.45 and a 1-year high of $23.59. The firm has a market capitalization of $659.10 million, a P/E ratio of -11,190.98 and a beta of 0.34. The company’s 50-day moving average is $21.53 and its 200 day moving average is $21.82.
First Trust Long Duration Opportunities ETF Company 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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Want to see what other hedge funds are holding LGOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report).
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