Envestnet Asset Management Inc. Has $13.63 Million Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Envestnet Asset Management Inc. cut its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 44.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 636,219 shares of the company’s stock after selling 501,564 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Long Duration Opportunities ETF were worth $13,628,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. CWM LLC increased its holdings in First Trust Long Duration Opportunities ETF by 93.3% during the 2nd quarter. CWM LLC now owns 2,598 shares of the company’s stock worth $56,000 after purchasing an additional 1,254 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 14.8% in the second quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock valued at $342,000 after purchasing an additional 2,056 shares in the last quarter. BlueChip Wealth Advisors LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 50.1% in the first quarter. BlueChip Wealth Advisors LLC now owns 16,700 shares of the company’s stock valued at $359,000 after purchasing an additional 5,575 shares in the last quarter. RFG Advisory LLC boosted its position in shares of First Trust Long Duration Opportunities ETF by 15.4% during the second quarter. RFG Advisory LLC now owns 19,020 shares of the company’s stock valued at $407,000 after buying an additional 2,545 shares during the last quarter. Finally, Fortis Capital Advisors LLC bought a new stake in First Trust Long Duration Opportunities ETF during the first quarter worth $793,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 0.0%

NYSEARCA LGOV opened at $21.98 on Friday. The business has a fifty day simple moving average of $21.93 and a 200 day simple moving average of $21.47. First Trust Long Duration Opportunities ETF has a 12 month low of $19.91 and a 12 month high of $22.24. The firm has a market capitalization of $657.20 million, a P/E ratio of -11,532.00 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.0775 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 3rd. First Trust Long Duration Opportunities ETF’s dividend payout ratio (DPR) is presently -49,317.94%.

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.