Concurrent Investment Advisors LLC Boosts Stake in First Trust Long Duration Opportunities ETF $LGOV

Concurrent Investment Advisors LLC boosted its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 571,686 shares of the company’s stock after purchasing an additional 35,412 shares during the period. Concurrent Investment Advisors LLC owned about 1.93% of First Trust Long Duration Opportunities ETF worth $12,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the first quarter valued at $25,000. International Assets Investment Management LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. boosted its holdings in First Trust Long Duration Opportunities ETF by 31.6% during the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after acquiring an additional 464 shares during the period. Larson Financial Group LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after acquiring an additional 469 shares during the period. Finally, Advisory Services Network LLC purchased a new position in First Trust Long Duration Opportunities ETF during the 3rd quarter valued at about $61,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

NYSEARCA LGOV opened at $20.78 on Friday. The company has a market cap of $615.09 million, a P/E ratio of -10,902.41 and a beta of 0.34. The stock has a 50-day moving average of $21.05 and a two-hundred day moving average of $21.43. First Trust Long Duration Opportunities ETF has a 1-year low of $20.45 and a 1-year high of $23.59.

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