Tidemark LLC Purchases New Position in First Trust Long Duration Opportunities ETF $LGOV

Tidemark LLC purchased a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 566,126 shares of the company’s stock, valued at approximately $12,359,000. First Trust Long Duration Opportunities ETF makes up 3.5% of Tidemark LLC’s holdings, making the stock its 8th biggest holding. Tidemark LLC owned about 1.84% of First Trust Long Duration Opportunities ETF as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 4th quarter worth $26,000. Larson Financial Group LLC increased its stake in shares of 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 worth $58,000 after purchasing an additional 469 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth $61,000. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Long Duration Opportunities ETF by 310.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 3,026 shares of the company’s stock worth $66,000 after purchasing an additional 2,289 shares during the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth $69,000. 0.03% of the stock is owned by institutional investors.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA:LGOV opened at $21.44 on Wednesday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two week high of $23.59. The business has a 50-day moving average of $21.51 and a two-hundred day moving average of $21.80. The stock has a market capitalization of $662.50 million, a P/E ratio of -11,248.69 and a beta of 0.34.

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.