IFP Advisors Inc Cuts Stock Position in First Trust Long Duration Opportunities ETF $LGOV

IFP Advisors Inc trimmed its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 80.8% in the third quarter, HoldingsChannel.com reports. The fund owned 33,035 shares of the company’s stock after selling 138,601 shares during the period. IFP Advisors Inc’s holdings in First Trust Long Duration Opportunities ETF were worth $719,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Centennial Wealth Advisory LLC lifted its stake in First Trust Long Duration Opportunities ETF by 52.2% in the third quarter. Centennial Wealth Advisory LLC now owns 187,887 shares of the company’s stock worth $4,087,000 after acquiring an additional 64,471 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of First Trust Long Duration Opportunities ETF by 9.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 39,425 shares of the company’s stock valued at $844,000 after purchasing an additional 3,465 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of First Trust Long Duration Opportunities ETF by 29.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 25,542 shares of the company’s stock valued at $547,000 after purchasing an additional 5,743 shares during the last quarter. Arvest Investments Inc. raised its holdings in shares of First Trust Long Duration Opportunities ETF by 14.3% in the 3rd quarter. Arvest Investments Inc. now owns 284,877 shares of the company’s stock valued at $6,196,000 after purchasing an additional 35,648 shares in the last quarter. Finally, Anderson Financial Strategies LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 10.3% in the 3rd quarter. Anderson Financial Strategies LLC now owns 324,095 shares of the company’s stock valued at $7,049,000 after purchasing an additional 30,200 shares in the last quarter. 0.03% of the stock is owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA LGOV opened at $21.44 on Wednesday. The company has a market capitalization of $659.28 million, a price-to-earnings ratio of -11,248.69 and a beta of 0.33. The business has a 50-day moving average of $21.95 and a two-hundred day moving average of $21.95. First Trust Long Duration Opportunities ETF has a 1 year low of $19.91 and a 1 year high of $23.59.

First Trust Long Duration Opportunities ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.0775 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, February 20th. First Trust Long Duration Opportunities ETF’s dividend payout ratio (DPR) is currently -46,694.65%.

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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.