46,219 First Trust Long Duration Opportunities ETF $LGOV Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 44.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 150,936 shares of the company’s stock after purchasing an additional 46,219 shares during the period. MGO One Seven LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the first quarter valued at about $25,000. NI Acquisitions Company LLC acquired a new position in First Trust Long Duration Opportunities ETF during the second quarter worth $133,000. Asset Allocation Strategies LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the second quarter worth $241,000. Pine Valley Investments Ltd Liability Co boosted its position in First Trust Long Duration Opportunities ETF by 36.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 14,584 shares of the company’s stock worth $315,000 after purchasing an additional 3,874 shares in the last quarter. Finally, Novem Group grew its holdings in First Trust Long Duration Opportunities ETF by 29.8% in the third quarter. Novem Group now owns 18,113 shares of the company’s stock valued at $355,000 after purchasing an additional 4,154 shares during the last quarter. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

First Trust Long Duration Opportunities ETF stock opened at $20.33 on Wednesday. The firm has a market capitalization of $609.90 million, a price-to-earnings ratio of -10,666.32 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.40 and a fifty-two week high of $23.59. The stock’s fifty day moving average is $20.25 and its two-hundred day moving average is $21.20.

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.