First Trust Long Duration Opportunities ETF $LGOV Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 571,686 shares of the company’s stock after purchasing an additional 35,412 shares during the period. Concurrent Investment Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $12,234,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MGO One Seven LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the fourth quarter worth about $1,820,000. Stephens Inc. AR lifted its stake in First Trust Long Duration Opportunities ETF by 29.7% in the first quarter. Stephens Inc. AR now owns 870,712 shares of the company’s stock worth $18,781,000 after acquiring an additional 199,341 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in First Trust Long Duration Opportunities ETF by 109.0% during the 1st quarter. Centennial Wealth Advisory LLC now owns 394,494 shares of the company’s stock worth $8,509,000 after acquiring an additional 205,721 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 80.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 58,493 shares of the company’s stock valued at $1,262,000 after purchasing an additional 26,086 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 379.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 310,968 shares of the company’s stock valued at $6,788,000 after purchasing an additional 246,047 shares in the last quarter. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 0.4%

First Trust Long Duration Opportunities ETF stock opened at $20.78 on Friday. The company has a fifty day simple moving average of $21.05 and a 200-day simple moving average of $21.43. The stock has a market cap of $615.09 million, a P/E ratio of -10,902.41 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12-month low of $20.45 and a 12-month 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.