First Trust Advisors LP Increases Holdings in First Trust Long Duration Opportunities ETF $LGOV

First Trust Advisors LP lifted its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 52.2% during the first quarter, HoldingsChannel.com reports. The firm owned 394,526 shares of the company’s stock after purchasing an additional 135,248 shares during the quarter. First Trust Advisors LP’s holdings in First Trust Long Duration Opportunities ETF were worth $8,510,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in First Trust Long Duration Opportunities ETF during the 1st quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in First Trust Long Duration Opportunities ETF during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its holdings in First Trust Long Duration Opportunities ETF by 31.6% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock worth $42,000 after acquiring an additional 464 shares during the period. Larson Financial Group LLC lifted its stake in First Trust Long Duration Opportunities ETF by 21.3% in 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 in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $61,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

LGOV opened at $20.85 on Friday. The firm has a market capitalization of $617.16 million, a P/E ratio of -10,939.14 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a one year low of $20.45 and a one year high of $23.59. The company has a fifty day moving average price of $21.28 and a 200-day moving average price of $21.60.

About First Trust Long Duration Opportunities ETF

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.