Kestra Private Wealth Services LLC Acquires 26,086 Shares of First Trust Long Duration Opportunities ETF $LGOV

Kestra Private Wealth Services LLC boosted its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 80.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,493 shares of the company’s stock after purchasing an additional 26,086 shares during the quarter. Kestra Private Wealth Services LLC owned 0.19% of First Trust Long Duration Opportunities ETF worth $1,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LGOV. LPL Financial LLC grew its position in shares of First Trust Long Duration Opportunities ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,889,011 shares of the company’s stock worth $84,897,000 after purchasing an additional 401,560 shares in the last quarter. Royal Bank of Canada raised its position in shares of First Trust Long Duration Opportunities ETF by 3.9% in the fourth quarter. Royal Bank of Canada now owns 1,856,245 shares of the company’s stock valued at $40,521,000 after buying an additional 69,801 shares in the last quarter. Raymond James Financial Inc. raised its position 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 in the last quarter. Csenge Advisory Group boosted its stake in shares of First Trust Long Duration Opportunities ETF by 6.2% in the fourth quarter. Csenge Advisory Group now owns 974,216 shares of the company’s stock valued at $21,267,000 after buying an additional 56,704 shares during the period. Finally, Walkner Condon Financial Advisors LLC boosted its stake in shares of First Trust Long Duration Opportunities ETF by 24.3% in the fourth quarter. Walkner Condon Financial Advisors LLC now owns 842,312 shares of the company’s stock valued at $18,388,000 after buying an additional 164,934 shares during the period. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA:LGOV opened at $21.40 on Wednesday. The company has a market capitalization of $661.26 million, a P/E ratio of -11,227.70 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 1 year low of $20.45 and a 1 year high of $23.59. The business’s 50 day simple moving average is $21.44 and its 200 day simple moving average is $21.71.

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.