Iams Wealth Management LLC Has $501,000 Stock Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Iams Wealth Management LLC lessened its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 30.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,587 shares of the company’s stock after selling 10,566 shares during the quarter. Iams Wealth Management LLC owned 0.12% of First Trust Long Duration Opportunities ETF worth $501,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Great Valley Advisor Group Inc. bought a new position in shares of First Trust Long Duration Opportunities ETF in the 4th quarter valued at about $224,000. MBE Wealth Management LLC bought a new position in First Trust Long Duration Opportunities ETF during the fourth quarter worth about $225,000. N.E.W. Advisory Services LLC acquired a new stake in First Trust Long Duration Opportunities ETF during the fourth quarter worth approximately $257,000. Security Financial Services INC. lifted its position in First Trust Long Duration Opportunities ETF by 5.4% during the first quarter. Security Financial Services INC. now owns 12,831 shares of the company’s stock worth $274,000 after acquiring an additional 661 shares during the last quarter. Finally, Integrated Advisors Network LLC acquired a new stake in First Trust Long Duration Opportunities ETF during the fourth quarter worth approximately $350,000.

First Trust Long Duration Opportunities ETF Trading Up 0.3 %

LGOV stock traded up $0.06 during mid-day trading on Tuesday, hitting $20.83. 114,314 shares of the company were exchanged, compared to its average volume of 224,837. The business has a 50 day simple moving average of $20.86 and a 200-day simple moving average of $21.23. First Trust Long Duration Opportunities ETF has a 1-year low of $19.32 and a 1-year high of $22.75.

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.