Independent Financial Group LLC Makes New Investment in First Trust Long Duration Opportunities ETF $LGOV

Independent Financial Group LLC bought a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 100,781 shares of the company’s stock, valued at approximately $2,174,000. Independent Financial Group LLC owned approximately 0.33% of First Trust Long Duration Opportunities ETF as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of LGOV. Fifth Third Bancorp purchased a new stake in First Trust Long Duration Opportunities ETF during the 1st quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in First Trust Long Duration Opportunities ETF in the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted 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 worth $42,000 after purchasing an additional 464 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of 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 worth $58,000 after purchasing an additional 469 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $61,000. 0.03% of the stock is currently owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Price Performance

LGOV stock opened at $21.29 on Friday. First Trust Long Duration Opportunities ETF has a 1 year low of $20.45 and a 1 year high of $23.59. The firm has a market capitalization of $634.44 million, a PE ratio of -11,169.99 and a beta of 0.34. The business has a 50 day simple moving average of $21.34 and a 200-day simple moving average of $21.66.

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.