First Trust Long Duration Opportunities ETF $LGOV Stock Bought by Financial Enhancement Group LLC

Financial Enhancement Group LLC increased its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 161.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,290,981 shares of the company’s stock after acquiring an additional 796,261 shares during the quarter. First Trust Long Duration Opportunities ETF makes up 3.0% of Financial Enhancement Group LLC’s portfolio, making the stock its 9th biggest position. Financial Enhancement Group LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $25,226,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in First Trust Long Duration Opportunities ETF by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 827,103 shares of the company’s stock valued at $17,700,000 after acquiring an additional 14,495 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Long Duration Opportunities ETF by 8.7% during the second quarter. Integrated Wealth Concepts LLC now owns 535,772 shares of the company’s stock worth $11,466,000 after purchasing an additional 42,686 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of First Trust Long Duration Opportunities ETF by 119.4% during the second quarter. Citadel Advisors LLC now owns 1,052,410 shares of the company’s stock worth $22,522,000 after purchasing an additional 572,772 shares during the last quarter. Asset Allocation Strategies LLC acquired a new position in First Trust Long Duration Opportunities ETF in the second quarter worth about $241,000. Finally, NI Acquisitions Company LLC acquired a new position in First Trust Long Duration Opportunities ETF in the second quarter worth about $133,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Up 1.1%

Shares of LGOV traded up $0.21 during mid-day trading on Thursday, hitting $19.75. The stock had a trading volume of 179,141 shares, compared to its average volume of 202,377. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.40 and a fifty-two week high of $23.59. The company has a market cap of $592.50 million, a PE ratio of -10,362.01 and a beta of 0.35. The company’s fifty day simple moving average is $20.56 and its two-hundred day simple moving average is $21.11.

About First Trust Long Duration Opportunities ETF

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.