Stratos Investment Management LLC Takes $15.99 Million Position in First Trust Long Duration Opportunities ETF $LGOV

Stratos Investment Management LLC acquired a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 735,206 shares of the company’s stock, valued at approximately $15,991,000. Stratos Investment Management LLC owned approximately 2.46% of First Trust Long Duration Opportunities ETF at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. CWM LLC increased its position in First Trust Long Duration Opportunities ETF by 93.3% during the 2nd quarter. CWM LLC now owns 2,598 shares of the company’s stock valued at $56,000 after purchasing an additional 1,254 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Long Duration Opportunities ETF by 13.6% during the second quarter. Geneos Wealth Management Inc. now owns 7,185 shares of the company’s stock valued at $154,000 after purchasing an additional 860 shares in the last quarter. Faithward Advisors LLC purchased a new position in First Trust Long Duration Opportunities ETF during the second quarter valued at approximately $217,000. Asset Allocation Strategies LLC bought a new position in First Trust Long Duration Opportunities ETF in the second quarter worth approximately $240,000. Finally, Apollon Wealth Management LLC lifted its holdings in First Trust Long Duration Opportunities ETF by 14.8% during the second quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock worth $342,000 after buying an additional 2,056 shares during the period. 0.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Trading Up 0.6%

LGOV opened at $22.08 on Wednesday. The firm has a market cap of $678.96 million, a price-to-earnings ratio of -11,584.47 and a beta of 0.33. First Trust Long Duration Opportunities ETF has a 12 month low of $19.91 and a 12 month high of $22.24. The stock has a fifty day moving average price of $21.87 and a 200-day moving average price of $21.83.

First Trust Long Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.0775 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, January 21st. First Trust Long Duration Opportunities ETF’s dividend payout ratio is presently -46,169.99%.

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.