First Trust Long Duration Opportunities ETF $LGOV Shares Bought by Midwest Financial Group LLC

Midwest Financial Group LLC raised its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) by 33.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 121,514 shares of the company’s stock after acquiring an additional 30,511 shares during the quarter. First Trust Long Duration Opportunities ETF comprises approximately 1.2% of Midwest Financial Group LLC’s investment portfolio, making the stock its 22nd largest holding. Midwest Financial Group LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $2,653,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LGOV. Jane Street Group LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 379.7% during the first quarter. Jane Street Group LLC now owns 95,945 shares of the company’s stock worth $2,063,000 after acquiring an additional 75,942 shares during the period. Flow Traders U.S. LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 45.3% in the second quarter. Flow Traders U.S. LLC now owns 68,707 shares of the company’s stock valued at $1,472,000 after purchasing an additional 21,411 shares during the period. NewEdge Advisors LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 0.5% in the second quarter. NewEdge Advisors LLC now owns 237,046 shares of the company’s stock valued at $5,078,000 after purchasing an additional 1,217 shares during the period. Faithward Advisors LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 2nd quarter worth $217,000. Finally, Raymond James Financial Inc. grew its stake in First Trust Long Duration Opportunities ETF by 36.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after purchasing an additional 456,623 shares in the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA LGOV opened at $21.57 on Friday. The company has a market cap of $663.28 million, a price-to-earnings ratio of -11,316.89 and a beta of 0.33. The stock’s 50-day moving average is $21.89 and its two-hundred day moving average is $21.93. First Trust Long Duration Opportunities ETF has a 1-year low of $19.91 and a 1-year high of $23.59.

First Trust Long Duration Opportunities ETF Company Profile

(Free Report)

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.

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