Tsfg LLC Boosts Stake in First Trust Long Duration Opportunities ETF $LGOV

Tsfg LLC raised its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 40.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 259,713 shares of the company’s stock after buying an additional 74,227 shares during the quarter. Tsfg LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $5,670,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the fourth quarter worth about $26,000. Larson Financial Group LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 21.3% during the third quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after purchasing an additional 469 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the third quarter worth about $61,000. Pinnacle Bancorp Inc. lifted its stake in shares of First Trust Long Duration Opportunities ETF by 310.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 3,026 shares of the company’s stock worth $66,000 after purchasing an additional 2,289 shares in the last quarter. Finally, Wealth Watch Advisors INC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the third quarter worth about $69,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV opened at $21.55 on Tuesday. The stock’s 50-day moving average is $21.71 and its two-hundred day moving average is $21.88. The stock has a market cap of $665.90 million, a PE ratio of -11,306.40 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12 month low of $20.14 and a 12 month high of $23.59.

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.