23,975 Shares in First Trust Long Duration Opportunities ETF $LGOV Bought by IFS Group LLC

IFS Group LLC bought a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,975 shares of the company’s stock, valued at approximately $517,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LGOV. Raleigh Capital Management Inc. lifted its stake in First Trust Long Duration Opportunities ETF by 31.6% in the first 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 last quarter. Principal Securities Inc. grew its position in shares of First Trust Long Duration Opportunities ETF by 2.9% in the 4th quarter. Principal Securities Inc. now owns 16,548 shares of the company’s stock valued at $361,000 after acquiring an additional 466 shares during the period. Larson Financial Group LLC increased its stake in shares of 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 worth $58,000 after purchasing an additional 469 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of First Trust Long Duration Opportunities ETF by 2.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 26,800 shares of the company’s stock worth $585,000 after purchasing an additional 522 shares during the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in shares of First Trust Long Duration Opportunities ETF by 1.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 40,080 shares of the company’s stock valued at $880,000 after purchasing an additional 573 shares during the period. 0.03% of the stock is owned by institutional investors.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV stock opened at $20.97 on Thursday. 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 $620.71 million, a price-to-earnings ratio of -11,002.10 and a beta of 0.34. The firm’s 50-day moving average is $21.29 and its 200-day moving average is $21.61.

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.