Western Wealth Management LLC Trims Stake in First Trust Long Duration Opportunities ETF $LGOV

Western Wealth Management LLC reduced its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 81.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,658 shares of the company’s stock after selling 85,633 shares during the period. Western Wealth Management LLC owned 0.07% of First Trust Long Duration Opportunities ETF worth $421,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its holdings in shares of First Trust Long Duration Opportunities ETF by 29.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 25,542 shares of the company’s stock worth $547,000 after acquiring an additional 5,743 shares during the period. Prospera Financial Services Inc boosted its position in shares of First Trust Long Duration Opportunities ETF by 2.6% during the second quarter. Prospera Financial Services Inc now owns 120,555 shares of the company’s stock valued at $2,582,000 after purchasing an additional 3,009 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in First Trust Long Duration Opportunities ETF by 17.6% in the first quarter. Summit Investment Advisors Inc. now owns 35,960 shares of the company’s stock worth $773,000 after purchasing an additional 5,383 shares during the period. Csenge Advisory Group raised its holdings in First Trust Long Duration Opportunities ETF by 5.3% in the second quarter. Csenge Advisory Group now owns 901,553 shares of the company’s stock worth $19,032,000 after purchasing an additional 45,777 shares in the last quarter. Finally, Tsfg LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter worth about $3,805,000. 0.03% of the stock is owned by institutional investors.

First Trust Long Duration Opportunities ETF Stock Up 0.4%

Shares of LGOV opened at $21.98 on Wednesday. The stock has a market cap of $657.20 million, a P/E ratio of -11,532.00 and a beta of 0.33. The business’s 50 day moving average price is $21.97 and its 200-day moving average price is $21.50. First Trust Long Duration Opportunities ETF has a 52 week low of $19.91 and a 52 week high of $22.24.

First Trust Long Duration Opportunities ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 3rd were paid a $0.0775 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, November 3rd. First Trust Long Duration Opportunities ETF’s dividend payout ratio is currently -49,317.94%.

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.