Comprehensive Wealth Management LLC Has $24.94 Million Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Comprehensive Wealth Management LLC decreased its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,142,264 shares of the company’s stock after selling 309,047 shares during the quarter. First Trust Long Duration Opportunities ETF accounts for approximately 14.7% of Comprehensive Wealth Management LLC’s holdings, making the stock its largest position. Comprehensive Wealth Management LLC owned approximately 3.71% of First Trust Long Duration Opportunities ETF worth $24,936,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LGOV. Stratos Investment Management LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the third quarter valued at $15,991,000. Tidemark LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the fourth quarter valued at $12,359,000. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 1,085.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 564,951 shares of the company’s stock valued at $12,333,000 after buying an additional 517,283 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 36.5% in the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after buying an additional 456,623 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 311.4% in the second quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock valued at $8,455,000 after buying an additional 298,781 shares during the period. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of First Trust Long Duration Opportunities ETF stock opened at $21.32 on Friday. The firm has a market cap of $658.79 million, a price-to-earnings ratio of -11,185.73 and a beta of 0.34. The business has a fifty day simple moving average of $21.50 and a 200-day simple moving average of $21.79. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two week high of $23.59.

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