NewEdge Advisors LLC boosted its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 25.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 265,041 shares of the company’s stock after buying an additional 54,092 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $5,574,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of LGOV. Cetera Advisor Networks LLC increased its stake in First Trust Long Duration Opportunities ETF by 572.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 196,021 shares of the company’s stock worth $4,338,000 after purchasing an additional 166,877 shares in the last quarter. Stephens Inc. AR lifted its position in shares of First Trust Long Duration Opportunities ETF by 3.6% in the 4th quarter. Stephens Inc. AR now owns 586,008 shares of the company’s stock valued at $12,968,000 after acquiring an additional 20,548 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in First Trust Long Duration Opportunities ETF in the 4th quarter worth approximately $350,000. ICA Group Wealth Management LLC purchased a new position in First Trust Long Duration Opportunities ETF during the 4th quarter worth approximately $4,333,000. Finally, Park Avenue Securities LLC acquired a new stake in First Trust Long Duration Opportunities ETF during the 1st quarter valued at $937,000.
First Trust Long Duration Opportunities ETF Stock Performance
LGOV opened at $22.48 on Wednesday. First Trust Long Duration Opportunities ETF has a 12-month low of $19.32 and a 12-month high of $23.64. The stock has a fifty day moving average of $22.20 and a 200-day moving average of $21.40.
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.
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