Summit Investment Advisors Inc. Buys 5,383 Shares of First Trust Long Duration Opportunities ETF $LGOV

Summit Investment Advisors Inc. boosted its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,960 shares of the company’s stock after buying an additional 5,383 shares during the quarter. Summit Investment Advisors Inc. owned approximately 0.12% of First Trust Long Duration Opportunities ETF worth $773,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. CWM LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 93.3% in 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 in the last quarter. Apollon Wealth Management LLC lifted its holdings in First Trust Long Duration Opportunities ETF by 14.8% during the 2nd quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock valued at $342,000 after purchasing an additional 2,056 shares during the last quarter. BlueChip Wealth Advisors LLC boosted its position in First Trust Long Duration Opportunities ETF by 50.1% in the first quarter. BlueChip Wealth Advisors LLC now owns 16,700 shares of the company’s stock valued at $359,000 after buying an additional 5,575 shares in the last quarter. RFG Advisory LLC grew its stake in First Trust Long Duration Opportunities ETF by 15.4% during the second quarter. RFG Advisory LLC now owns 19,020 shares of the company’s stock worth $407,000 after buying an additional 2,545 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth approximately $793,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Trading Up 0.1%

NYSEARCA:LGOV opened at $22.06 on Thursday. The stock has a market capitalization of $659.59 million, a P/E ratio of -11,573.98 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 $22.24. The firm has a 50 day moving average of $21.97 and a 200-day moving average of $21.49.

First Trust Long Duration Opportunities ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a $0.0775 dividend. The ex-dividend date is Monday, November 3rd. This represents a c) annualized dividend and a yield of 4.2%. First Trust Long Duration Opportunities ETF’s payout ratio is presently -49,317.94%.

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.