LaSalle St. Investment Advisors LLC Makes New Investment in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

LaSalle St. Investment Advisors LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 23,600 shares of the company’s stock, valued at approximately $491,000.

Several other institutional investors have also recently made changes to their positions in LGOV. Stifel Financial Corp grew its holdings in First Trust Long Duration Opportunities ETF by 447.3% during the third quarter. Stifel Financial Corp now owns 217,161 shares of the company’s stock valued at $4,864,000 after purchasing an additional 177,485 shares during the period. MML Investors Services LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 24.5% during the third quarter. MML Investors Services LLC now owns 16,412 shares of the company’s stock valued at $368,000 after purchasing an additional 3,233 shares during the period. Sanctuary Advisors LLC increased its stake in shares of First Trust Long Duration Opportunities ETF by 17.7% during the third quarter. Sanctuary Advisors LLC now owns 39,287 shares of the company’s stock valued at $828,000 after buying an additional 5,905 shares during the period. Private Client Services LLC grew its stake in First Trust Long Duration Opportunities ETF by 24.4% in the fourth quarter. Private Client Services LLC now owns 11,342 shares of the company’s stock valued at $236,000 after purchasing an additional 2,227 shares during the last quarter. Finally, Financial Enhancement Group LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the fourth quarter worth $14,089,000.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV stock opened at $21.14 on Tuesday. First Trust Long Duration Opportunities ETF has a 1 year low of $19.93 and a 1 year high of $23.64. The business has a fifty day moving average of $21.34 and a 200 day moving average of $21.28.

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.