First Trust Long Duration Opportunities ETF $LGOV Stock Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC lifted its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 161.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,290,981 shares of the company’s stock after purchasing an additional 796,261 shares during the quarter. First Trust Long Duration Opportunities ETF makes up 3.0% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 9th biggest holding. Financial Enhancement Group LLC owned about 4.30% of First Trust Long Duration Opportunities ETF worth $25,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LGOV. Fifth Third Bancorp purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the first quarter valued at about $25,000. Raleigh Capital Management Inc. boosted its holdings 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 purchasing an additional 464 shares in the last quarter. Pinnacle Bancorp Inc. boosted its holdings in First Trust Long Duration Opportunities ETF by 37.1% in the 1st quarter. Pinnacle Bancorp Inc. now owns 4,148 shares of the company’s stock valued at $89,000 after purchasing an additional 1,122 shares in the last quarter. NI Acquisitions Company LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 2nd quarter worth approximately $133,000. Finally, World Investment Advisors acquired a new position in First Trust Long Duration Opportunities ETF during the 4th quarter worth approximately $225,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV stock traded up $0.21 during trading hours on Thursday, reaching $19.75. 179,141 shares of the company’s stock were exchanged, compared to its average volume of 202,377. The company’s 50 day moving average is $20.56 and its two-hundred day moving average is $21.11. The company has a market cap of $592.50 million, a P/E ratio of -10,362.01 and a beta of 0.35. First Trust Long Duration Opportunities ETF has a 1 year low of $19.40 and a 1 year high of $23.59.

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.