Commonwealth Equity Services LLC Increases Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Commonwealth Equity Services LLC boosted its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 490,746 shares of the company’s stock after purchasing an additional 14,190 shares during the period. Commonwealth Equity Services LLC owned about 2.29% of First Trust Long Duration Opportunities ETF worth $10,227,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its holdings in First Trust Long Duration Opportunities ETF by 19.4% in the third quarter. Oppenheimer & Co. Inc. now owns 41,392 shares of the company’s stock valued at $927,000 after acquiring an additional 6,738 shares in the last quarter. Prospera Financial Services Inc grew its stake in First Trust Long Duration Opportunities ETF by 19.7% in the third quarter. Prospera Financial Services Inc now owns 128,207 shares of the company’s stock worth $2,872,000 after purchasing an additional 21,058 shares in the last quarter. Concorde Asset Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $248,000. Benjamin Edwards Inc. increased its holdings in shares of First Trust Long Duration Opportunities ETF by 7,587.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 87,564 shares of the company’s stock valued at $1,962,000 after acquiring an additional 86,425 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 17.1% during the 3rd quarter. HighTower Advisors LLC now owns 938,764 shares of the company’s stock valued at $21,033,000 after acquiring an additional 137,364 shares in the last quarter.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV opened at $21.57 on Thursday. The business’s fifty day moving average price is $21.09 and its 200 day moving average price is $21.43. First Trust Long Duration Opportunities ETF has a 12-month low of $20.07 and a 12-month high of $23.64.

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.