Spire Wealth Management Sells 7,340 Shares of First Trust Long Duration Opportunities ETF $LGOV

Spire Wealth Management cut its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 28.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,634 shares of the company’s stock after selling 7,340 shares during the quarter. Spire Wealth Management’s holdings in First Trust Long Duration Opportunities ETF were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in First Trust Long Duration Opportunities ETF by 93.3% during the second quarter. CWM LLC now owns 2,598 shares of the company’s stock valued at $56,000 after purchasing an additional 1,254 shares during the last quarter. Synergy Investment Management LLC lifted its position in First Trust Long Duration Opportunities ETF by 9.5% during the first quarter. Synergy Investment Management LLC now owns 9,156 shares of the company’s stock valued at $197,000 after purchasing an additional 795 shares during the last quarter. Apollon Wealth Management LLC lifted its position in First Trust Long Duration Opportunities ETF by 14.8% during the second quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock valued at $342,000 after purchasing an additional 2,056 shares during the last quarter. BlueChip Wealth Advisors LLC lifted its position in First Trust Long Duration Opportunities ETF by 50.1% during the first quarter. BlueChip Wealth Advisors LLC now owns 16,700 shares of the company’s stock valued at $359,000 after purchasing an additional 5,575 shares during the last quarter. Finally, RFG Advisory LLC lifted its position in First Trust Long Duration Opportunities ETF by 15.4% during the second quarter. RFG Advisory LLC now owns 19,020 shares of the company’s stock valued at $407,000 after purchasing an additional 2,545 shares during the last quarter. 0.03% of the stock is currently owned by institutional investors.

First Trust Long Duration Opportunities ETF Price Performance

Shares of First Trust Long Duration Opportunities ETF stock opened at $21.95 on Monday. First Trust Long Duration Opportunities ETF has a 1 year low of $19.91 and a 1 year high of $22.24. The company has a 50 day simple moving average of $21.88 and a two-hundred day simple moving average of $21.45. The firm has a market cap of $656.31 million, a PE ratio of -11,516.26 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be paid a $0.0775 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 3rd. First Trust Long Duration Opportunities ETF’s payout ratio is presently -49,317.94%.

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.