Heck Capital Advisors LLC Makes New Investment in First Trust Long Duration Opportunities ETF $LGOV

Heck Capital Advisors LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the second quarter, HoldingsChannel reports. The firm acquired 255,230 shares of the company’s stock, valued at approximately $5,462,000.

Several other hedge funds also recently bought and sold shares of the business. Tidemark LLC bought a new position in First Trust Long Duration Opportunities ETF in the 4th quarter worth about $12,359,000. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 1,085.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock valued at $12,333,000 after acquiring an additional 517,283 shares in the last quarter. Raymond James Financial Inc. raised its stake 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 acquiring an additional 456,623 shares in the last quarter. LPL Financial LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock valued at $84,897,000 after acquiring an additional 401,560 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of First Trust Long Duration Opportunities ETF by 311.4% in the second quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock valued at $8,455,000 after purchasing an additional 298,781 shares during the period. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Down 0.1%

Shares of NYSEARCA:LGOV opened at $20.89 on Wednesday. First Trust Long Duration Opportunities ETF has a 52-week low of $20.45 and a 52-week high of $23.59. The stock has a market cap of $618.34 million, a P/E ratio of -10,960.13 and a beta of 0.34. The business’s 50 day moving average is $21.22 and its 200 day moving average is $21.55.

First Trust Long Duration Opportunities ETF Company 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.