Stephens Inc. AR Sells 46,869 Shares of First Trust Long Duration Opportunities ETF $LGOV

Stephens Inc. AR lowered its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 6.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 638,144 shares of the company’s stock after selling 46,869 shares during the quarter. Stephens Inc. AR’s holdings in First Trust Long Duration Opportunities ETF were worth $13,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LGOV. Walkner Condon Financial Advisors LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 49.9% in the first quarter. Walkner Condon Financial Advisors LLC now owns 588,451 shares of the company’s stock worth $12,652,000 after buying an additional 195,938 shares during the period. Financial Enhancement Group LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 45.6% in the first quarter. Financial Enhancement Group LLC now owns 1,004,933 shares of the company’s stock worth $21,043,000 after buying an additional 314,626 shares during the period. Aurora Private Wealth Inc. bought a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth about $923,000. Ferguson Shapiro LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 3.1% in the first quarter. Ferguson Shapiro LLC now owns 18,403 shares of the company’s stock worth $396,000 after buying an additional 556 shares during the period. Finally, HBK Sorce Advisory LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth about $315,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Up 0.2%

NYSEARCA LGOV opened at $22.21 on Tuesday. The stock’s 50-day moving average price is $21.75 and its 200-day moving average price is $21.39. First Trust Long Duration Opportunities ETF has a 52 week low of $19.91 and a 52 week high of $22.22. The company has a market capitalization of $664.08 million, a P/E ratio of -11,652.68 and a beta of 0.12.

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.