Integrated Wealth Concepts LLC Has $11.47 Million Holdings in First Trust Long Duration Opportunities ETF $LGOV

Integrated Wealth Concepts LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 8.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,772 shares of the company’s stock after acquiring an additional 42,686 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 1.81% of First Trust Long Duration Opportunities ETF worth $11,466,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the first quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in First Trust Long Duration Opportunities ETF during the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its stake in First Trust Long Duration Opportunities ETF by 31.6% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,931 shares of the company’s stock valued at $42,000 after buying an additional 464 shares during the period. Larson Financial Group LLC increased its stake in First Trust Long Duration Opportunities ETF by 21.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after buying an additional 469 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Down 0.9%

LGOV stock opened at $20.45 on Friday. The company has a 50 day moving average of $20.98 and a two-hundred day moving average of $21.38. The company has a market cap of $605.32 million, a price-to-earnings ratio of -10,729.28 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a 12-month low of $20.39 and a 12-month high of $23.59.

About First Trust Long Duration Opportunities ETF

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.