NewEdge Advisors LLC Trims Stock Position in First Trust Long Duration Opportunities ETF $LGOV

NewEdge Advisors LLC lessened its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,685 shares of the company’s stock after selling 28,126 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LGOV. Fifth Third Bancorp acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the 4th quarter valued at about $26,000. Raleigh Capital Management Inc. boosted its position in shares of First Trust Long Duration Opportunities ETF by 31.6% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after purchasing an additional 464 shares during the period. Larson Financial Group LLC grew its stake in First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after buying an additional 469 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Up 0.0%

LGOV opened at $20.98 on Friday. The firm has a market cap of $621.01 million, a price-to-earnings ratio of -11,007.35 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 52 week low of $20.45 and a 52 week high of $23.59. The business’s 50 day moving average is $21.29 and its two-hundred day moving average is $21.60.

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.