Stephens Inc. AR Boosts Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Stephens Inc. AR boosted its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 29.7% during the first quarter, Holdings Channel.com reports. The firm owned 870,712 shares of the company’s stock after acquiring an additional 199,341 shares during the period. Stephens Inc. AR’s holdings in First Trust Long Duration Opportunities ETF were worth $18,781,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LGOV. Raleigh Capital Management Inc. increased its holdings in shares of 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 buying an additional 464 shares during the last quarter. Principal Securities Inc. raised its position in First Trust Long Duration Opportunities ETF by 2.9% during the fourth 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 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after purchasing an additional 469 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings 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 purchasing an additional 522 shares during the period. Finally, Silver Oak Securities Incorporated increased its position in shares of First Trust Long Duration Opportunities ETF by 1.5% during the 4th quarter. Silver Oak Securities Incorporated now owns 40,080 shares of the company’s stock valued at $880,000 after purchasing an additional 573 shares during the last quarter. 0.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Stock Performance

NYSEARCA:LGOV opened at $21.34 on Monday. The firm has a market capitalization of $647.67 million, a PE ratio of -11,196.22 and a beta of 0.34. The stock’s fifty day moving average is $21.41 and its 200 day moving average is $21.70. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two week 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.