NewEdge Advisors LLC Sells 37,297 Shares of First Trust Long Duration Opportunities ETF $LGOV

NewEdge Advisors LLC cut its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 15.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 206,018 shares of the company’s stock after selling 37,297 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $4,409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LGOV. Fifth Third Bancorp acquired a new position in First Trust Long Duration Opportunities ETF in the first quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 4th quarter worth about $26,000. Raleigh Capital Management Inc. increased its stake 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 valued at $42,000 after acquiring an additional 464 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of First Trust Long Duration Opportunities ETF by 37.1% in the 1st quarter. Pinnacle Bancorp Inc. now owns 4,148 shares of the company’s stock valued at $89,000 after acquiring an additional 1,122 shares during the last quarter. Finally, NI Acquisitions Company LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter valued at approximately $133,000. 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 $20.37 on Tuesday. The company’s 50 day simple moving average is $20.94 and its 200 day simple moving average is $21.35. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.26 and a fifty-two week high of $23.59. The firm has a market capitalization of $602.95 million, a price-to-earnings ratio of -10,687.30 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.