Tsfg LLC Has $4.17 Million Stake in First Trust Long Duration Opportunities ETF $LGOV

Tsfg LLC reduced its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 26.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 195,116 shares of the company’s stock after selling 69,319 shares during the quarter. Tsfg LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $4,175,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LGOV. LPL Financial LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock worth $84,897,000 after acquiring an additional 401,560 shares during the period. Royal Bank of Canada increased its stake in First Trust Long Duration Opportunities ETF by 8.8% in the first quarter. Royal Bank of Canada now owns 2,020,458 shares of the company’s stock valued at $43,581,000 after acquiring an additional 164,213 shares during the last quarter. Raymond James Financial Inc. raised its position in First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after purchasing an additional 456,623 shares in the last quarter. Csenge Advisory Group raised its position in First Trust Long Duration Opportunities ETF by 6.2% during the fourth quarter. Csenge Advisory Group now owns 974,216 shares of the company’s stock valued at $21,267,000 after purchasing an additional 56,704 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in First Trust Long Duration Opportunities ETF by 29.7% during the first quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock worth $18,781,000 after purchasing an additional 199,341 shares during the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Price Performance

NYSEARCA LGOV opened at $20.76 on Wednesday. The business has a fifty day moving average price of $21.10 and a two-hundred day moving average price of $21.45. The stock has a market capitalization of $614.50 million, a PE ratio of -10,891.92 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two week high of $23.59.

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.