First Trust Long Duration Opportunities ETF $LGOV Shares Sold by IFP Advisors Inc

IFP Advisors Inc reduced its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 80.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,035 shares of the company’s stock after selling 138,601 shares during the period. IFP Advisors Inc owned about 0.11% of First Trust Long Duration Opportunities ETF worth $719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LGOV. Advisory Services Network LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $61,000. Larson Financial Group LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 21.3% during the third quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after buying an additional 469 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 62.2% during the third quarter. Integrated Wealth Concepts LLC now owns 629,304 shares of the company’s stock worth $13,687,000 after buying an additional 241,238 shares in the last quarter. Wealth Watch Advisors INC acquired a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at $69,000. Finally, First Trust Advisors LP increased its holdings in First Trust Long Duration Opportunities ETF by 10.2% in the third quarter. First Trust Advisors LP now owns 212,833 shares of the company’s stock valued at $4,629,000 after buying an additional 19,738 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of First Trust Long Duration Opportunities ETF stock opened at $21.44 on Wednesday. The firm has a 50-day simple moving average of $21.95 and a two-hundred day simple moving average of $21.95. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.91 and a fifty-two week high of $23.59. The company has a market cap of $659.28 million, a P/E ratio of -11,248.69 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.0775 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, February 20th. First Trust Long Duration Opportunities ETF’s payout ratio is presently -46,694.65%.

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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.