GDS Wealth Management Grows Holdings in First Trust Long Duration Opportunities ETF $LGOV

GDS Wealth Management boosted its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,015,393 shares of the company’s stock after acquiring an additional 34,463 shares during the period. First Trust Long Duration Opportunities ETF accounts for about 1.6% of GDS Wealth Management’s investment portfolio, making the stock its 18th largest position. GDS Wealth Management’s holdings in First Trust Long Duration Opportunities ETF were worth $21,750,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LGOV. CWM LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 93.3% during the 2nd quarter. CWM LLC now owns 2,598 shares of the company’s stock valued at $56,000 after buying an additional 1,254 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of First Trust Long Duration Opportunities ETF by 14.8% in the second quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock valued at $342,000 after acquiring an additional 2,056 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 15.4% in the second quarter. RFG Advisory LLC now owns 19,020 shares of the company’s stock worth $407,000 after acquiring an additional 2,545 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of First Trust Long Duration Opportunities ETF by 29.0% during the second quarter. Rockefeller Capital Management L.P. now owns 25,542 shares of the company’s stock worth $547,000 after purchasing an additional 5,743 shares in the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in First Trust Long Duration Opportunities ETF by 17.6% during the 1st quarter. Summit Investment Advisors Inc. now owns 35,960 shares of the company’s stock valued at $773,000 after purchasing an additional 5,383 shares during the period. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

LGOV stock opened at $21.93 on Thursday. First Trust Long Duration Opportunities ETF has a 1-year low of $19.91 and a 1-year high of $22.24. The business has a 50 day simple moving average of $21.97 and a two-hundred day simple moving average of $21.51. The company has a market capitalization of $655.71 million, a price-to-earnings ratio of -11,505.77 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 3rd were given a dividend of $0.0775 per share. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. 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.