Fortis Capital Advisors LLC Purchases 5,622 Shares of First Trust Long Duration Opportunities ETF $LGOV

Fortis Capital Advisors LLC lifted its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 15.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,523 shares of the company’s stock after buying an additional 5,622 shares during the period. Fortis Capital Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $911,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth approximately $92,000. Rossby Financial LCC bought a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth approximately $95,000. Synergy Investment Management LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 9.5% in the first quarter. Synergy Investment Management LLC now owns 9,156 shares of the company’s stock worth $197,000 after buying an additional 795 shares in the last quarter. HBK Sorce Advisory LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the first quarter worth approximately $315,000. Finally, BlueChip Wealth Advisors LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 50.1% in the first quarter. BlueChip Wealth Advisors LLC now owns 16,700 shares of the company’s stock worth $359,000 after buying an additional 5,575 shares in the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of NYSEARCA LGOV opened at $21.89 on Friday. The firm’s 50 day moving average price is $21.60 and its 200-day moving average price is $21.36. The company has a market cap of $662.17 million, a PE ratio of -11,484.78 and a beta of 0.12. First Trust Long Duration Opportunities ETF has a 52-week low of $19.91 and a 52-week high of $22.15.

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.