Park Square Financial Group LLC Reduces Position in First Trust Long Duration Opportunities ETF $LGOV

Park Square Financial Group LLC decreased its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 39.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,543 shares of the company’s stock after selling 22,772 shares during the period. First Trust Long Duration Opportunities ETF makes up approximately 3.2% of Park Square Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Park Square Financial Group LLC owned about 0.12% of First Trust Long Duration Opportunities ETF worth $751,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LGOV. Centennial Wealth Advisory LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 52.2% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 187,887 shares of the company’s stock worth $4,087,000 after acquiring an additional 64,471 shares during the period. Ameritas Investment Partners Inc. increased its position in First Trust Long Duration Opportunities ETF by 9.6% during the second quarter. Ameritas Investment Partners Inc. now owns 39,425 shares of the company’s stock worth $844,000 after purchasing an additional 3,465 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in First Trust Long Duration Opportunities ETF by 29.0% during the second quarter. Rockefeller Capital Management L.P. now owns 25,542 shares of the company’s stock worth $547,000 after purchasing an additional 5,743 shares during the last quarter. Arvest Investments Inc. raised its stake in First Trust Long Duration Opportunities ETF by 14.3% during the third quarter. Arvest Investments Inc. now owns 284,877 shares of the company’s stock worth $6,196,000 after purchasing an additional 35,648 shares during the period. Finally, Anderson Financial Strategies LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 10.3% in the 3rd quarter. Anderson Financial Strategies LLC now owns 324,095 shares of the company’s stock valued at $7,049,000 after purchasing an additional 30,200 shares during the last quarter. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Price Performance

First Trust Long Duration Opportunities ETF stock opened at $22.42 on Monday. The firm has a 50 day simple moving average of $21.96 and a 200-day simple moving average of $21.91. The stock has a market cap of $689.42 million, a price-to-earnings ratio of -11,762.85 and a beta of 0.33. First Trust Long Duration Opportunities ETF has a 1-year low of $19.91 and a 1-year high of $22.45.

First Trust Long Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a $0.0775 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, February 20th. First Trust Long Duration Opportunities ETF’s dividend payout ratio is presently -46,694.65%.

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.