Synergy Investment Management LLC bought a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 8,361 shares of the company’s stock, valued at approximately $174,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LGOV. Private Trust Co. NA increased its position in shares of First Trust Long Duration Opportunities ETF by 41.6% during the fourth quarter. Private Trust Co. NA now owns 3,294 shares of the company’s stock worth $69,000 after acquiring an additional 967 shares during the period. US Bancorp DE purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the third quarter worth $182,000. Kovack Advisors Inc. purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the third quarter worth $210,000. Private Client Services LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 24.4% during the fourth quarter. Private Client Services LLC now owns 11,342 shares of the company’s stock worth $236,000 after acquiring an additional 2,227 shares during the period. Finally, Concorde Asset Management LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the third quarter worth $248,000.
First Trust Long Duration Opportunities ETF Stock Down 0.7 %
First Trust Long Duration Opportunities ETF stock opened at $21.54 on Wednesday. First Trust Long Duration Opportunities ETF has a twelve month low of $20.07 and a twelve month high of $23.64. The stock’s fifty day simple moving average is $20.95 and its 200-day simple moving average is $21.49.
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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