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

Financial Enhancement Group LLC lessened its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 35.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498,485 shares of the company’s stock after selling 274,549 shares during the period. First Trust Long Duration Opportunities ETF makes up 1.3% of Financial Enhancement Group LLC’s portfolio, making the stock its 26th biggest position. Financial Enhancement Group LLC owned approximately 1.61% of First Trust Long Duration Opportunities ETF worth $10,897,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Tidemark LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 4th quarter valued at about $12,359,000. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Long Duration Opportunities ETF by 1,085.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock valued at $12,333,000 after purchasing an additional 517,283 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after buying an additional 456,623 shares during the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock valued at $84,897,000 after buying an additional 401,560 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of First Trust Long Duration Opportunities ETF by 311.4% during the second quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock worth $8,455,000 after buying an additional 298,781 shares during the period. 0.03% of the stock is currently owned by institutional investors.

First Trust Long Duration Opportunities ETF Trading Up 0.8%

Shares of NYSEARCA LGOV opened at $21.63 on Thursday. First Trust Long Duration Opportunities ETF has a 12-month low of $20.45 and a 12-month high of $23.59. The company has a market cap of $668.37 million, a PE ratio of -11,348.37 and a beta of 0.34. The stock has a 50 day simple moving average of $21.46 and a 200-day simple moving average of $21.72.

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.