Financial Enhancement Group LLC Takes Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Financial Enhancement Group LLC bought a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 690,307 shares of the company’s stock, valued at approximately $14,089,000. First Trust Long Duration Opportunities ETF comprises about 2.2% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 12th biggest holding. Financial Enhancement Group LLC owned approximately 3.22% of First Trust Long Duration Opportunities ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new position in First Trust Long Duration Opportunities ETF during the second quarter worth approximately $112,000. CWM LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth $155,000. US Bancorp DE purchased a new position in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter worth $182,000. Private Client Services LLC acquired a new position in First Trust Long Duration Opportunities ETF in the third quarter valued at $204,000. Finally, Kovack Advisors Inc. acquired a new position in First Trust Long Duration Opportunities ETF in the third quarter valued at $210,000.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of NYSEARCA:LGOV opened at $20.67 on Thursday. First Trust Long Duration Opportunities ETF has a 12 month low of $20.07 and a 12 month high of $23.64. The business has a 50-day moving average of $21.10 and a two-hundred day moving average of $21.61.

First Trust Long Duration Opportunities ETF Company 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.