IFS Group LLC Invests $517,000 in First Trust Long Duration Opportunities ETF $LGOV

IFS Group LLC bought a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,975 shares of the company’s stock, valued at approximately $517,000. IFS Group LLC owned about 0.08% of First Trust Long Duration Opportunities ETF at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in First Trust Long Duration Opportunities ETF during the 1st quarter worth about $25,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. grew its holdings in shares of First Trust Long Duration Opportunities ETF by 31.6% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after acquiring an additional 464 shares in the last quarter. Larson Financial Group LLC grew its holdings 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 acquiring an additional 469 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter valued at about $61,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

NYSEARCA:LGOV opened at $20.97 on Thursday. First Trust Long Duration Opportunities ETF has a 52-week low of $20.45 and a 52-week high of $23.59. The company has a market cap of $620.71 million, a P/E ratio of -11,002.10 and a beta of 0.34. The stock’s 50-day simple moving average is $21.29 and its 200 day simple moving average is $21.61.

First Trust Long Duration Opportunities ETF 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.