Tidemark LLC Buys New Position in First Trust Long Duration Opportunities ETF $LGOV

Tidemark LLC bought a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 566,126 shares of the company’s stock, valued at approximately $12,359,000. First Trust Long Duration Opportunities ETF accounts for approximately 3.5% of Tidemark LLC’s investment portfolio, making the stock its 8th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in First Trust Long Duration Opportunities ETF by 36.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after purchasing an additional 456,623 shares during the period. Csenge Advisory Group boosted its stake in First Trust Long Duration Opportunities ETF by 6.2% during the 4th quarter. Csenge Advisory Group now owns 974,216 shares of the company’s stock valued at $21,267,000 after purchasing an additional 56,704 shares during the period. Walkner Condon Financial Advisors LLC boosted its stake in First Trust Long Duration Opportunities ETF by 24.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 842,312 shares of the company’s stock valued at $18,388,000 after purchasing an additional 164,934 shares during the period. Stratos Investment Management LLC boosted its stake in First Trust Long Duration Opportunities ETF by 2.9% during the 4th quarter. Stratos Investment Management LLC now owns 756,610 shares of the company’s stock valued at $16,517,000 after purchasing an additional 21,404 shares during the period. Finally, Marshall Financial Group LLC raised its holdings in First Trust Long Duration Opportunities ETF by 4.1% in the 4th quarter. Marshall Financial Group LLC now owns 716,276 shares of the company’s stock valued at $15,636,000 after acquiring an additional 28,492 shares in the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Down 0.1%

First Trust Long Duration Opportunities ETF stock opened at $21.44 on Wednesday. The business has a 50 day moving average price of $21.51 and a two-hundred day moving average price of $21.80. The stock has a market cap of $662.50 million, a price-to-earnings ratio of -11,248.69 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12 month low of $20.45 and a 12 month high of $23.59.

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.