Stifel Financial Corp Trims Stock Holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Stifel Financial Corp lowered its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 79.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,262 shares of the company’s stock after selling 172,899 shares during the quarter. Stifel Financial Corp owned about 0.21% of First Trust Long Duration Opportunities ETF worth $922,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LGOV. Financial Enhancement Group LLC bought a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter worth $14,089,000. Householder Group Estate & Retirement Specialist LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 565.2% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,372 shares of the company’s stock worth $257,000 after purchasing an additional 10,512 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in First Trust Long Duration Opportunities ETF by 14.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 367,062 shares of the company’s stock worth $7,650,000 after purchasing an additional 45,332 shares in the last quarter. Midwest Financial Group LLC raised its holdings in First Trust Long Duration Opportunities ETF by 0.9% in the fourth quarter. Midwest Financial Group LLC now owns 108,223 shares of the company’s stock worth $2,255,000 after buying an additional 956 shares during the last quarter. Finally, Accel Wealth Management grew its holdings in shares of First Trust Long Duration Opportunities ETF by 7.0% during the fourth quarter. Accel Wealth Management now owns 77,227 shares of the company’s stock valued at $1,609,000 after buying an additional 5,062 shares during the last quarter.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV opened at $21.13 on Friday. First Trust Long Duration Opportunities ETF has a twelve month low of $19.91 and a twelve month high of $23.64. The firm has a 50 day moving average of $21.38 and a 200 day moving average of $21.20.

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.