Cetera Investment Advisers Purchases 207,997 Shares of First Trust Long Duration Opportunities ETF $LGOV

Cetera Investment Advisers grew its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 37.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 767,082 shares of the company’s stock after purchasing an additional 207,997 shares during the period. Cetera Investment Advisers’ holdings in First Trust Long Duration Opportunities ETF were worth $16,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in First Trust Long Duration Opportunities ETF during the 1st quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new position in First Trust Long Duration Opportunities ETF in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. grew its holdings in 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 buying an additional 464 shares in the last quarter. Larson Financial Group LLC increased its position in First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock worth $58,000 after buying an additional 469 shares during the period. Finally, Advisory Services Network LLC bought a new position in First Trust Long Duration Opportunities ETF during the 3rd quarter worth $61,000. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV opened at $21.13 on Wednesday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.45 and a fifty-two week high of $23.59. The company has a market capitalization of $625.45 million, a P/E ratio of -11,086.04 and a beta of 0.34. The stock has a fifty day moving average of $21.30 and a 200-day moving average of $21.61.

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.