Kestra Private Wealth Services LLC Has $1.26 Million Holdings in First Trust Long Duration Opportunities ETF $LGOV

Kestra Private Wealth Services LLC raised its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 80.5% during the first quarter, HoldingsChannel.com reports. The fund owned 58,493 shares of the company’s stock after purchasing an additional 26,086 shares during the period. Kestra Private Wealth Services LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $1,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LGOV. International Assets Investment Management LLC acquired a new position in First Trust Long Duration Opportunities ETF during the fourth quarter worth about $26,000. Larson Financial Group LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 21.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after purchasing an additional 469 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter valued at approximately $61,000. Pinnacle Bancorp Inc. grew its holdings in shares of First Trust Long Duration Opportunities ETF by 310.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 3,026 shares of the company’s stock valued at $66,000 after purchasing an additional 2,289 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter valued at approximately $69,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

LGOV stock opened at $21.40 on Wednesday. The company has a 50 day simple moving average of $21.44 and a 200 day simple moving average of $21.71. The stock has a market cap of $661.26 million, a price-to-earnings ratio of -11,227.70 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 1 year low of $20.45 and a 1 year 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.