First Trust Long Duration Opportunities ETF $LGOV Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. cut its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 33.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,437 shares of the company’s stock after selling 713 shares during the quarter. Raleigh Capital Management Inc.’s holdings in First Trust Long Duration Opportunities ETF were worth $31,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC acquired a new position in First Trust Long Duration Opportunities ETF during the first quarter worth $92,000. Rossby Financial LCC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth $95,000. Synergy Investment Management LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 9.5% in the first quarter. Synergy Investment Management LLC now owns 9,156 shares of the company’s stock worth $197,000 after acquiring an additional 795 shares during the last quarter. HBW Advisory Services LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth $223,000. Finally, HBK Sorce Advisory LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth $315,000. 0.03% of the stock is owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Stock Up 0.6%

NYSEARCA LGOV opened at $21.88 on Thursday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.91 and a fifty-two week high of $22.42. The stock has a market cap of $644.37 million, a price-to-earnings ratio of -11,479.54 and a beta of 0.12. The business has a fifty day moving average of $21.57 and a 200-day moving average of $21.35.

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.