N.E.W. Advisory Services LLC Takes Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

N.E.W. Advisory Services LLC bought a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,623 shares of the company’s stock, valued at approximately $257,000.

A number of other hedge funds have also added to or reduced their stakes in LGOV. Walkner Condon Financial Advisors LLC increased its stake in shares of First Trust Long Duration Opportunities ETF by 3,884.4% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 415,932 shares of the company’s stock worth $9,205,000 after purchasing an additional 405,493 shares during the last quarter. Marshall Financial Group LLC grew its position in shares of First Trust Long Duration Opportunities ETF by 5.0% in the fourth quarter. Marshall Financial Group LLC now owns 509,398 shares of the company’s stock valued at $11,273,000 after purchasing an additional 24,213 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter valued at $1,565,000. LPL Financial LLC increased its position in First Trust Long Duration Opportunities ETF by 54.1% during the 3rd quarter. LPL Financial LLC now owns 536,044 shares of the company’s stock worth $10,871,000 after buying an additional 188,162 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the fourth quarter worth $6,262,000.

First Trust Long Duration Opportunities ETF Trading Up 0.5 %

Shares of LGOV stock traded up $0.10 on Tuesday, hitting $20.78. The company’s stock had a trading volume of 204,824 shares, compared to its average volume of 253,254. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.32 and a fifty-two week high of $23.07. The stock’s 50 day moving average is $20.97 and its 200-day moving average is $21.10.

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.