MGO One Seven LLC Takes Position in First Trust Long Duration Opportunities ETF $LGOV

MGO One Seven LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 83,349 shares of the company’s stock, valued at approximately $1,820,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LGOV. Jane Street Group LLC boosted its position in shares of First Trust Long Duration Opportunities ETF by 379.7% during the 1st quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock valued at $2,063,000 after acquiring an additional 75,942 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust Long Duration Opportunities ETF by 0.5% during the 2nd quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after acquiring an additional 1,217 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 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after acquiring an additional 456,623 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its position in shares of First Trust Long Duration Opportunities ETF by 11.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock valued at $2,608,000 after acquiring an additional 12,711 shares during the last quarter. Finally, Asset Allocation Strategies LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 2nd quarter valued at about $240,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV stock opened at $21.60 on Monday. The company’s 50-day moving average price is $21.74 and its 200-day moving average price is $21.89. The stock has a market cap of $667.44 million, a price-to-earnings ratio of -11,332.63 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a twelve month low of $20.14 and a twelve month high of $23.59.

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.