Private Trust Co. NA Reduces Position in First Trust Long Duration Opportunities ETF $LGOV

Private Trust Co. NA trimmed its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 21.2% during the second quarter, Holdings Channel reports. The fund owned 2,540 shares of the company’s stock after selling 682 shares during the quarter. Private Trust Co. NA’s holdings in First Trust Long Duration Opportunities ETF were worth $54,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LGOV. Brookwood Investment Group LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth about $15,496,000. Comprehensive Wealth Management LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth about $9,500,000. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth about $7,842,000. Anderson Financial Strategies LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth about $6,740,000. Finally, LPL Financial LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 9.2% during the first quarter. LPL Financial LLC now owns 3,194,436 shares of the company’s stock worth $68,680,000 after acquiring an additional 268,657 shares during the last quarter. 0.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Stock Down 0.4%

Shares of First Trust Long Duration Opportunities ETF stock opened at $22.13 on Friday. The firm has a market cap of $661.69 million, a P/E ratio of -11,610.70 and a beta of 0.12. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.91 and a fifty-two week high of $22.24. The business has a 50-day moving average price of $21.79 and a 200 day moving average price of $21.41.

First Trust Long Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.0775 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, November 3rd. First Trust Long Duration Opportunities ETF’s payout ratio is currently -44,596.01%.

First Trust Long Duration Opportunities ETF 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.