Integrated Wealth Concepts LLC Acquires 241,238 Shares of First Trust Long Duration Opportunities ETF $LGOV

Integrated Wealth Concepts LLC lifted its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 62.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 629,304 shares of the company’s stock after acquiring an additional 241,238 shares during the period. Integrated Wealth Concepts LLC owned approximately 2.10% of First Trust Long Duration Opportunities ETF worth $13,687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Watch Advisors INC acquired a new position in First Trust Long Duration Opportunities ETF during the 3rd quarter valued at $69,000. First Trust Advisors LP grew its position in First Trust Long Duration Opportunities ETF by 10.2% in the 3rd quarter. First Trust Advisors LP now owns 212,833 shares of the company’s stock worth $4,629,000 after purchasing an additional 19,738 shares during the last quarter. Sequent Planning LLC grew its position in First Trust Long Duration Opportunities ETF by 2.7% in the 3rd quarter. Sequent Planning LLC now owns 127,764 shares of the company’s stock worth $2,779,000 after purchasing an additional 3,314 shares during the last quarter. IFG Advisory LLC increased its holdings in shares of First Trust Long Duration Opportunities ETF by 1.4% during the 3rd quarter. IFG Advisory LLC now owns 63,225 shares of the company’s stock worth $1,375,000 after purchasing an additional 876 shares during the period. Finally, Integrated Advisors Network LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 1.9% during the third quarter. Integrated Advisors Network LLC now owns 25,289 shares of the company’s stock valued at $550,000 after buying an additional 477 shares during the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV opened at $21.77 on Tuesday. The company has a 50-day simple moving average of $21.98 and a 200-day simple moving average of $21.95. First Trust Long Duration Opportunities ETF has a 52 week low of $19.91 and a 52 week high of $23.59. The firm has a market capitalization of $669.43 million, a P/E ratio of -11,421.83 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Dividend Announcement

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) annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, February 20th. First Trust Long Duration Opportunities ETF’s payout ratio 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.