37,636 Shares of First Trust Long Duration Opportunities ETF $LGOV Bought by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 37,636 shares of the company’s stock, valued at approximately $737,000. Park Avenue Securities LLC owned 0.13% of First Trust Long Duration Opportunities ETF at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in LGOV. Arvest Investments Inc. acquired a new position in First Trust Long Duration Opportunities ETF during the third quarter worth $1,022,000. Novem Group grew its holdings in shares of First Trust Long Duration Opportunities ETF by 29.8% during the third quarter. Novem Group now owns 18,113 shares of the company’s stock worth $355,000 after buying an additional 4,154 shares in the last quarter. Financial Enhancement Group LLC grew its holdings in shares of First Trust Long Duration Opportunities ETF by 161.0% during the third quarter. Financial Enhancement Group LLC now owns 1,290,981 shares of the company’s stock worth $25,226,000 after buying an additional 796,261 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Long Duration Opportunities ETF by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 827,103 shares of the company’s stock worth $17,700,000 after buying an additional 14,495 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 8.7% in the second quarter. Integrated Wealth Concepts LLC now owns 535,772 shares of the company’s stock valued at $11,466,000 after buying an additional 42,686 shares during the last quarter. 0.03% of the stock is owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV opened at $20.45 on Thursday. The company has a market capitalization of $613.50 million, a price-to-earnings ratio of -10,729.28 and a beta of 0.34. The company’s 50 day simple moving average is $20.24 and its 200 day simple moving average is $21.19. 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.