Independent Financial Group LLC Invests $2.17 Million in First Trust Long Duration Opportunities ETF $LGOV

Independent Financial Group LLC purchased a new position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 100,781 shares of the company’s stock, valued at approximately $2,174,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MGO One Seven LLC purchased a new position in First Trust Long Duration Opportunities ETF in the fourth quarter valued at approximately $1,820,000. Concurrent Investment Advisors LLC raised its stake in First Trust Long Duration Opportunities ETF by 1,085.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock worth $12,333,000 after acquiring an additional 517,283 shares in the last quarter. Centennial Wealth Advisory LLC lifted its position in First Trust Long Duration Opportunities ETF by 109.0% in the first quarter. Centennial Wealth Advisory LLC now owns 394,494 shares of the company’s stock valued at $8,509,000 after acquiring an additional 205,721 shares during the last quarter. Kestra Private Wealth Services LLC boosted its stake in First Trust Long Duration Opportunities ETF by 80.5% in the first quarter. Kestra Private Wealth Services LLC now owns 58,493 shares of the company’s stock valued at $1,262,000 after acquiring an additional 26,086 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in First Trust Long Duration Opportunities ETF by 379.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 310,968 shares of the company’s stock valued at $6,788,000 after acquiring an additional 246,047 shares in 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 stock opened at $21.29 on Friday. The stock’s 50-day moving average is $21.34 and its two-hundred day moving average is $21.66. First Trust Long Duration Opportunities ETF has a 1 year low of $20.45 and a 1 year high of $23.59. The firm has a market cap of $634.44 million, a price-to-earnings ratio of -11,169.99 and a beta of 0.34.

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.