First Trust Long Duration Opportunities ETF $LGOV Shares Bought by Royal Bank of Canada

Royal Bank of Canada increased its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 8.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,020,458 shares of the company’s stock after buying an additional 164,213 shares during the quarter. Royal Bank of Canada owned about 6.54% of First Trust Long Duration Opportunities ETF worth $43,581,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp bought a new position in First Trust Long Duration Opportunities ETF during the 1st quarter valued at $25,000. International Assets Investment Management LLC bought a new position in shares of First Trust Long Duration Opportunities ETF during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its position in First Trust Long Duration Opportunities ETF by 31.6% in the first quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock worth $42,000 after buying an additional 464 shares during the period. Larson Financial Group LLC increased its holdings in shares of First Trust Long Duration Opportunities ETF by 21.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after acquiring an additional 469 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the third quarter valued at approximately $61,000. 0.03% of the stock is owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Price Performance

LGOV stock opened at $20.85 on Monday. 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 company has a market capitalization of $617.16 million, a P/E ratio of -10,939.14 and a beta of 0.34. The company has a 50-day simple moving average of $21.28 and a 200 day simple moving average of $21.59.

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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.