Stephens Inc. AR Acquires 199,341 Shares of First Trust Long Duration Opportunities ETF $LGOV

Stephens Inc. AR grew its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 29.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 870,712 shares of the company’s stock after acquiring an additional 199,341 shares during the period. Stephens Inc. AR owned about 2.82% of First Trust Long Duration Opportunities ETF worth $18,781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in First Trust Long Duration Opportunities ETF by 11.5% in the 4th quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock worth $84,897,000 after purchasing an additional 401,560 shares during the period. Royal Bank of Canada boosted its position in shares of First Trust Long Duration Opportunities ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 1,856,245 shares of the company’s stock worth $40,521,000 after acquiring an additional 69,801 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after acquiring an additional 456,623 shares during the last quarter. Csenge Advisory Group grew its stake in First Trust Long Duration Opportunities ETF by 6.2% during the fourth quarter. Csenge Advisory Group now owns 974,216 shares of the company’s stock valued at $21,267,000 after acquiring an additional 56,704 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its holdings in First Trust Long Duration Opportunities ETF by 24.3% in the 4th quarter. Walkner Condon Financial Advisors LLC now owns 842,312 shares of the company’s stock valued at $18,388,000 after acquiring an additional 164,934 shares during the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV stock opened at $21.34 on Monday. The company’s fifty day simple moving average is $21.41 and its two-hundred day simple moving average is $21.70. First Trust Long Duration Opportunities ETF has a 52 week low of $20.45 and a 52 week high of $23.59. The stock has a market cap of $647.67 million, a P/E ratio of -11,196.22 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.