Iams Wealth Management LLC reduced its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 75.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,919 shares of the company’s stock after selling 96,942 shares during the period. Iams Wealth Management LLC owned about 0.10% of First Trust Long Duration Opportunities ETF worth $606,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Fifth Third Bancorp purchased a new position in First Trust Long Duration Opportunities ETF in the first quarter valued at $25,000. Raleigh Capital Management Inc. raised its stake in First Trust Long Duration Opportunities ETF by 31.6% in the first quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after buying an additional 464 shares in the last quarter. Pinnacle Bancorp Inc. lifted its holdings in First Trust Long Duration Opportunities ETF by 37.1% during the 1st quarter. Pinnacle Bancorp Inc. now owns 4,148 shares of the company’s stock worth $89,000 after buying an additional 1,122 shares during the last quarter. NI Acquisitions Company LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the 2nd quarter worth about $133,000. Finally, World Investment Advisors purchased a new stake in First Trust Long Duration Opportunities ETF during the 4th quarter worth about $225,000. 0.03% of the stock is owned by hedge funds and other institutional investors.
First Trust Long Duration Opportunities ETF Stock Performance
NYSEARCA:LGOV opened at $20.13 on Friday. The stock has a 50-day simple moving average of $20.42 and a 200-day simple moving average of $21.04. The stock has a market cap of $603.90 million, a P/E ratio of -10,561.39 and a beta of 0.35. First Trust Long Duration Opportunities ETF has a 1 year low of $19.40 and a 1 year high of $23.59.
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.
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