Royal Bank of Canada Acquires 164,213 Shares of First Trust Long Duration Opportunities ETF $LGOV

Royal Bank of Canada raised its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 8.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,020,458 shares of the company’s stock after acquiring an additional 164,213 shares during the quarter. Royal Bank of Canada owned about 0.07% of First Trust Long Duration Opportunities ETF worth $43,581,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. boosted its holdings in First Trust Long Duration Opportunities ETF by 31.6% during the first 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. Principal Securities Inc. boosted its holdings in First Trust Long Duration Opportunities ETF by 2.9% in the 4th quarter. Principal Securities Inc. now owns 16,548 shares of the company’s stock valued at $361,000 after purchasing an additional 466 shares during the period. Larson Financial Group LLC lifted its stake in shares of First Trust Long Duration Opportunities ETF by 21.3% in the third 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. Rockefeller Capital Management L.P. lifted its position in shares of First Trust Long Duration Opportunities ETF by 2.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 26,800 shares of the company’s stock worth $585,000 after acquiring an additional 522 shares during the period. Finally, Balefire LLC boosted its stake in First Trust Long Duration Opportunities ETF by 3.6% during the first quarter. Balefire LLC now owns 18,088 shares of the company’s stock worth $390,000 after buying an additional 633 shares in the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV stock opened at $20.85 on Monday. The business’s 50 day moving average is $21.28 and its 200-day moving average is $21.59. 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 cap of $617.16 million, a P/E ratio of -10,939.14 and a beta of 0.34.

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.