BlueChip Wealth Advisors LLC Purchases Shares of 11,125 First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

BlueChip Wealth Advisors LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,125 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LGOV. Private Trust Co. NA grew its position in First Trust Long Duration Opportunities ETF by 41.6% in the 4th quarter. Private Trust Co. NA now owns 3,294 shares of the company’s stock valued at $69,000 after purchasing an additional 967 shares during the period. Tucker Asset Management LLC raised its holdings in First Trust Long Duration Opportunities ETF by 121.2% during the fourth quarter. Tucker Asset Management LLC now owns 4,711 shares of the company’s stock worth $98,000 after buying an additional 2,581 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the fourth quarter valued at $174,000. US Bancorp DE grew its holdings in shares of First Trust Long Duration Opportunities ETF by 30.8% during the fourth quarter. US Bancorp DE now owns 10,628 shares of the company’s stock valued at $221,000 after buying an additional 2,500 shares during the last quarter. Finally, Private Client Services LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 24.4% during the fourth quarter. Private Client Services LLC now owns 11,342 shares of the company’s stock worth $236,000 after acquiring an additional 2,227 shares in the last quarter.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV opened at $21.42 on Friday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.07 and a fifty-two week high of $23.64. The company’s 50-day moving average is $21.21 and its 200 day moving average is $21.39.

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.