Financial Enhancement Group LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 690,307 shares of the company’s stock, valued at approximately $14,089,000. First Trust Long Duration Opportunities ETF comprises approximately 2.2% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 12th biggest position.
Several other hedge funds and other institutional investors also recently modified their holdings of LGOV. Centaurus Financial Inc. bought a new position in shares of First Trust Long Duration Opportunities ETF during the second quarter worth about $112,000. CWM LLC acquired a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $155,000. US Bancorp DE acquired a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $182,000. Private Client Services LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $204,000. Finally, Kovack Advisors Inc. bought a new stake in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter valued at approximately $210,000.
First Trust Long Duration Opportunities ETF Price Performance
LGOV stock opened at $20.67 on Thursday. The stock’s 50 day simple moving average is $21.10 and its 200 day simple moving average is $21.61. First Trust Long Duration Opportunities ETF has a 12-month low of $20.07 and a 12-month high of $23.64.
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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Want to see what other hedge funds are holding LGOV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report).
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