First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) Position Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,137,783 shares of the company’s stock after purchasing an additional 50,300 shares during the period. Envestnet Asset Management Inc.’s holdings in First Trust Long Duration Opportunities ETF were worth $24,462,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LGOV. Orion Portfolio Solutions LLC lifted its holdings in First Trust Long Duration Opportunities ETF by 6.0% in the fourth quarter. Orion Portfolio Solutions LLC now owns 121,354 shares of the company’s stock worth $2,529,000 after purchasing an additional 6,901 shares during the period. Jane Street Group LLC acquired a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter worth about $417,000. Ameriprise Financial Inc. acquired a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter valued at about $623,000. BlueChip Wealth Advisors LLC acquired a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter valued at about $232,000. Finally, FSB Premier Wealth Management Inc. lifted its holdings in First Trust Long Duration Opportunities ETF by 36.5% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 98,771 shares of the company’s stock valued at $2,058,000 after acquiring an additional 26,386 shares during the last quarter. Institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 0.4%

Shares of NYSEARCA LGOV opened at $20.98 on Wednesday. First Trust Long Duration Opportunities ETF has a twelve month low of $19.91 and a twelve month high of $23.64. The company has a market capitalization of $641.99 million, a price-to-earnings ratio of -11,007.35 and a beta of 0.12. The firm has a 50-day moving average of $21.14 and a two-hundred day moving average of $21.16.

First Trust Long Duration Opportunities ETF 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.