Gateway Wealth Partners LLC Sells 7,359 Shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Gateway Wealth Partners LLC lessened its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,812 shares of the company’s stock after selling 7,359 shares during the period. Gateway Wealth Partners LLC owned approximately 0.26% of First Trust Long Duration Opportunities ETF worth $1,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC increased its position in First Trust Long Duration Opportunities ETF by 7.8% during the 1st quarter. Concurrent Investment Advisors LLC now owns 64,627 shares of the company’s stock valued at $1,382,000 after buying an additional 4,665 shares in the last quarter. Raymond James & Associates boosted its stake in First Trust Long Duration Opportunities ETF by 4.0% during the 2nd quarter. Raymond James & Associates now owns 251,197 shares of the company’s stock valued at $5,283,000 after purchasing an additional 9,577 shares during the last quarter. Park Avenue Securities LLC boosted its stake in First Trust Long Duration Opportunities ETF by 13.5% during the 2nd quarter. Park Avenue Securities LLC now owns 49,760 shares of the company’s stock valued at $1,046,000 after purchasing an additional 5,934 shares during the last quarter. Wedbush Securities Inc. boosted its stake in First Trust Long Duration Opportunities ETF by 15.3% during the 2nd quarter. Wedbush Securities Inc. now owns 13,356 shares of the company’s stock valued at $281,000 after purchasing an additional 1,773 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in First Trust Long Duration Opportunities ETF by 23.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 429,169 shares of the company’s stock valued at $9,025,000 after purchasing an additional 82,753 shares during the last quarter.

First Trust Long Duration Opportunities ETF Trading Down 0.3 %

Shares of LGOV opened at $21.33 on Tuesday. The business’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $21.48. First Trust Long Duration Opportunities ETF has a 12 month low of $19.42 and a 12 month high of $23.64.

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.