First Trust Long Duration Opportunities ETF $LGOV Holdings Decreased by Financial Enhancement Group LLC

Financial Enhancement Group LLC lowered its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 35.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 498,485 shares of the company’s stock after selling 274,549 shares during the quarter. First Trust Long Duration Opportunities ETF comprises about 1.3% of Financial Enhancement Group LLC’s portfolio, making the stock its 26th biggest holding. Financial Enhancement Group LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $10,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. RFG Advisory LLC increased its stake in First Trust Long Duration Opportunities ETF by 8.0% during the 1st quarter. RFG Advisory LLC now owns 22,814 shares of the company’s stock valued at $492,000 after buying an additional 1,686 shares during the period. Centennial Wealth Advisory LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 109.0% during the 1st quarter. Centennial Wealth Advisory LLC now owns 394,494 shares of the company’s stock worth $8,509,000 after buying an additional 205,721 shares in the last quarter. Faithward Advisors LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 44.0% in the 1st quarter. Faithward Advisors LLC now owns 17,202 shares of the company’s stock worth $371,000 after acquiring an additional 5,254 shares during the period. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the 1st quarter worth approximately $303,000. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the 1st quarter worth approximately $467,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

First Trust Long Duration Opportunities ETF stock opened at $21.63 on Thursday. First Trust Long Duration Opportunities ETF has a 12-month low of $20.45 and a 12-month high of $23.59. The stock has a market capitalization of $668.37 million, a PE ratio of -11,348.37 and a beta of 0.34. The firm has a 50 day simple moving average of $21.46 and a 200-day simple moving average of $21.72.

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.