Cetera Investment Advisers Has $16.55 Million Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Cetera Investment Advisers increased its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 37.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 767,082 shares of the company’s stock after purchasing an additional 207,997 shares during the period. Cetera Investment Advisers owned 2.48% of First Trust Long Duration Opportunities ETF worth $16,546,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LGOV. Fifth Third Bancorp acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the first quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. raised its stake in First Trust Long Duration Opportunities ETF by 31.6% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after acquiring an additional 464 shares during the period. Larson Financial Group LLC lifted its holdings in First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after purchasing an additional 469 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in First Trust Long Duration Opportunities ETF during the third quarter worth $61,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

NYSEARCA:LGOV opened at $21.13 on Wednesday. The company has a market cap of $625.45 million, a P/E ratio of -11,086.04 and a beta of 0.34. The firm’s fifty day moving average price is $21.30 and its two-hundred day moving average price is $21.61. First Trust Long Duration Opportunities ETF has a one year low of $20.45 and a one year high of $23.59.

First Trust Long Duration Opportunities ETF 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.