Geneos Wealth Management Inc. raised its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,094 shares of the company’s stock after buying an additional 3,746 shares during the quarter. Geneos Wealth Management Inc. owned approximately 0.51% of First Trust Long Duration Opportunities ETF worth $2,294,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the second quarter valued at about $112,000. CWM LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter valued at approximately $155,000. US Bancorp DE acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $182,000. Private Client Services LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter valued at approximately $204,000. Finally, Kovack Advisors Inc. acquired a new position in First Trust Long Duration Opportunities ETF in the third quarter valued at approximately $210,000.
First Trust Long Duration Opportunities ETF Trading Up 0.2 %
Shares of First Trust Long Duration Opportunities ETF stock opened at $20.76 on Monday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.07 and a fifty-two week high of $23.64. The stock has a 50 day moving average of $21.04 and a 200 day moving average of $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.
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