Park Avenue Securities LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 37,636 shares of the company’s stock, valued at approximately $737,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada raised its position in shares of First Trust Long Duration Opportunities ETF by 8.8% in the 1st quarter. Royal Bank of Canada now owns 2,020,458 shares of the company’s stock worth $43,581,000 after buying an additional 164,213 shares during the period. Financial Enhancement Group LLC grew its stake in First Trust Long Duration Opportunities ETF by 161.0% during the third quarter. Financial Enhancement Group LLC now owns 1,290,981 shares of the company’s stock worth $25,226,000 after buying an additional 796,261 shares during the period. Citadel Advisors LLC grew its stake in 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 buying an additional 572,772 shares during the period. Envestnet Asset Management Inc. increased its position in shares of 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 worth $17,700,000 after acquiring an additional 14,495 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of First Trust Long Duration Opportunities ETF by 37.2% in the first quarter. Cetera Investment Advisers now owns 767,082 shares of the company’s stock worth $16,546,000 after acquiring an additional 207,997 shares in the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.
First Trust Long Duration Opportunities ETF Trading Up 0.6%
Shares of LGOV stock opened at $20.45 on Thursday. The company’s fifty day simple moving average is $20.24 and its 200-day simple moving average is $21.19. First Trust Long Duration Opportunities ETF has a 52 week low of $19.40 and a 52 week high of $23.59. The company has a market cap of $613.50 million, a PE ratio of -10,729.28 and a beta of 0.34.
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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