First Trust Long Duration Opportunities ETF $LGOV Shares Sold by Midwest Financial Network LLC

Midwest Financial Network LLC decreased its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 18.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,001 shares of the company’s stock after selling 40,873 shares during the quarter. First Trust Long Duration Opportunities ETF makes up 2.7% of Midwest Financial Network LLC’s holdings, making the stock its 7th largest position. Midwest Financial Network LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $3,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its position in First Trust Long Duration Opportunities ETF by 379.7% during the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock valued at $2,063,000 after acquiring an additional 75,942 shares in the last quarter. NewEdge Advisors LLC boosted its position in First Trust Long Duration Opportunities ETF by 0.5% in the 2nd quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock worth $5,078,000 after purchasing an additional 1,217 shares in the last quarter. Raymond James Financial Inc. boosted its position in First Trust Long Duration Opportunities ETF by 36.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after purchasing an additional 456,623 shares in the last quarter. FSB Premier Wealth Management Inc. grew its stake in shares of First Trust Long Duration Opportunities ETF by 11.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock worth $2,608,000 after purchasing an additional 12,711 shares during the period. Finally, Asset Allocation Strategies LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the 2nd quarter worth approximately $240,000. 0.03% of the stock is owned by institutional investors and hedge funds.

First Trust Long Duration Opportunities ETF Price Performance

NYSEARCA:LGOV opened at $21.07 on Thursday. The firm has a market cap of $623.67 million, a price-to-earnings ratio of -11,054.56 and a beta of 0.34. The company has a 50 day moving average price of $21.27 and a 200-day moving average price of $21.57. First Trust Long Duration Opportunities ETF has a 1-year low of $20.45 and a 1-year 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.