Kingsview Wealth Management LLC Has $6.79 Million Stake in First Trust Long Duration Opportunities ETF $LGOV

Kingsview Wealth Management LLC increased its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 379.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,968 shares of the company’s stock after acquiring an additional 246,047 shares during the quarter. Kingsview Wealth Management LLC owned 1.01% of First Trust Long Duration Opportunities ETF worth $6,788,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Jane Street Group LLC boosted its stake in First Trust Long Duration Opportunities ETF by 379.7% during the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock worth $2,063,000 after acquiring an additional 75,942 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 0.5% during the second quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after purchasing an additional 1,217 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 purchasing an additional 456,623 shares during the period. FSB Premier Wealth Management Inc. boosted its position in shares of First Trust Long Duration Opportunities ETF by 11.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock worth $2,608,000 after purchasing an additional 12,711 shares in the last quarter. Finally, Asset Allocation Strategies LLC bought a new position in shares of First Trust Long Duration Opportunities ETF during the 2nd quarter worth about $240,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV opened at $21.50 on Friday. First Trust Long Duration Opportunities ETF has a one year low of $20.45 and a one year high of $23.59. The company has a market cap of $664.35 million, a PE ratio of -11,280.17 and a beta of 0.34. The stock has a 50-day moving average of $21.52 and a 200-day moving average of $21.81.

First Trust Long Duration Opportunities ETF 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.