First Trust Long Duration Opportunities ETF $LGOV is Comprehensive Wealth Management LLC’s Largest Position

Comprehensive Wealth Management LLC trimmed its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 21.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,142,264 shares of the company’s stock after selling 309,047 shares during the period. First Trust Long Duration Opportunities ETF comprises about 14.7% of Comprehensive Wealth Management LLC’s holdings, making the stock its biggest holding. Comprehensive Wealth Management LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $24,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of LGOV. Jane Street Group LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 379.7% during the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock valued at $2,063,000 after purchasing an additional 75,942 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 0.5% during the second quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after purchasing an additional 1,217 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after purchasing an additional 456,623 shares during the last quarter. FSB Premier Wealth Management Inc. lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 11.7% during the second quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock valued at $2,608,000 after purchasing an additional 12,711 shares during the last quarter. Finally, Asset Allocation Strategies LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the second quarter valued at $240,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA LGOV opened at $21.32 on Friday. First Trust Long Duration Opportunities ETF has a 12 month low of $20.45 and a 12 month high of $23.59. The company 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 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.