Kingsview Wealth Management LLC lifted its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 379.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 310,968 shares of the company’s stock after acquiring an additional 246,047 shares during the quarter. Kingsview Wealth Management LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $6,788,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Stratos Investment Management LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at about $15,991,000. Concurrent Investment Advisors LLC boosted its position in First Trust Long Duration Opportunities ETF by 1,085.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock worth $12,333,000 after purchasing an additional 517,283 shares during the period. Raymond James Financial Inc. increased its stake in shares of First Trust Long Duration Opportunities ETF by 36.5% in the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after purchasing an additional 456,623 shares in the last quarter. Jane Street Group LLC increased its stake in shares of First Trust Long Duration Opportunities ETF by 311.4% in the second quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock worth $8,455,000 after purchasing an additional 298,781 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 62.2% in the third quarter. Integrated Wealth Concepts LLC now owns 629,304 shares of the company’s stock valued at $13,687,000 after purchasing an additional 241,238 shares during the period. Hedge funds and other institutional investors own 0.03% of the company’s stock.
First Trust Long Duration Opportunities ETF Trading Up 0.6%
Shares of LGOV stock opened at $21.50 on Friday. The firm’s 50 day moving average is $21.52 and its 200 day moving average is $21.81. The stock has a market capitalization of $664.35 million, a P/E ratio of -11,280.17 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12 month low of $20.45 and a 12 month high of $23.59.
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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