MGO One Seven LLC Purchases 46,219 Shares of First Trust Long Duration Opportunities ETF $LGOV

MGO One Seven LLC lifted its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 44.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,936 shares of the company’s stock after purchasing an additional 46,219 shares during the period. MGO One Seven LLC owned about 0.50% of First Trust Long Duration Opportunities ETF worth $2,957,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Enhancement Group LLC increased its holdings in First Trust Long Duration Opportunities ETF by 161.0% in the third quarter. Financial Enhancement Group LLC now owns 1,290,981 shares of the company’s stock valued at $25,226,000 after buying an additional 796,261 shares during the last quarter. Citadel Advisors LLC boosted its position in shares of First Trust Long Duration Opportunities ETF by 119.4% during the 2nd quarter. Citadel Advisors LLC now owns 1,052,410 shares of the company’s stock worth $22,522,000 after acquiring an additional 572,772 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter valued at about $5,462,000. Cetera Investment Advisers increased its holdings in shares of First Trust Long Duration Opportunities ETF by 37.2% in the 1st quarter. Cetera Investment Advisers now owns 767,082 shares of the company’s stock valued at $16,546,000 after acquiring an additional 207,997 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Long Duration Opportunities ETF by 8.8% in the 1st quarter. Royal Bank of Canada now owns 2,020,458 shares of the company’s stock valued at $43,581,000 after acquiring an additional 164,213 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of NYSEARCA LGOV opened at $20.33 on Wednesday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.40 and a fifty-two week high of $23.59. The firm has a market capitalization of $609.90 million, a PE ratio of -10,666.32 and a beta of 0.34. The stock’s 50-day simple moving average is $20.25 and its 200-day simple moving average is $21.20.

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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.