Midwest Financial Network LLC Sells 40,873 Shares of First Trust Long Duration Opportunities ETF $LGOV

Midwest Financial Network LLC trimmed its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 18.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,001 shares of the company’s stock after selling 40,873 shares during the quarter. First Trust Long Duration Opportunities ETF comprises 2.7% of Midwest Financial Network LLC’s holdings, making the stock its 7th largest position. Midwest Financial Network LLC owned approximately 0.60% of First Trust Long Duration Opportunities ETF worth $3,916,000 at the end of the most recent quarter.

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

First Trust Long Duration Opportunities ETF Price Performance

LGOV stock opened at $21.07 on Thursday. The company has a market capitalization of $623.67 million, a P/E ratio of -11,054.56 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12 month low of $20.45 and a 12 month high of $23.59. The firm’s fifty day simple moving average is $21.27 and its 200-day simple moving average is $21.57.

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.