Accel Wealth Management Decreases Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Accel Wealth Management trimmed its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 34.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,342 shares of the company’s stock after selling 25,976 shares during the period. Accel Wealth Management’s holdings in First Trust Long Duration Opportunities ETF were worth $1,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LGOV. Jane Street Group LLC boosted its position in First Trust Long Duration Opportunities ETF by 379.7% in the 1st quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock valued at $2,063,000 after buying an additional 75,942 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of First Trust Long Duration Opportunities ETF by 0.5% during the second quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after acquiring an additional 1,217 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after acquiring an additional 456,623 shares during the last quarter. FSB Premier Wealth Management Inc. increased its position in shares of First Trust Long Duration Opportunities ETF by 11.7% during the second quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock worth $2,608,000 after acquiring an additional 12,711 shares during the last quarter. Finally, Asset Allocation Strategies LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the second quarter worth about $240,000. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

NYSEARCA:LGOV opened at $20.89 on Wednesday. The stock has a market cap of $618.34 million, a price-to-earnings ratio of -10,960.13 and a beta of 0.34. First Trust Long Duration Opportunities ETF has a one year low of $20.45 and a one year high of $23.59. The business’s 50-day simple moving average is $21.22 and its 200 day simple moving average is $21.55.

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.