Envestnet Asset Management Inc. Increases Stock Holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Envestnet Asset Management Inc. boosted its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 4.6% in the first 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 acquiring an additional 50,300 shares during the period. Envestnet Asset Management Inc. owned about 3.56% of First Trust Long Duration Opportunities ETF worth $24,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LGOV. Wells Fargo & Company MN lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 588.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,770 shares of the company’s stock worth $37,000 after purchasing an additional 1,513 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth $92,000. Rossby Financial LCC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth $95,000. Tucker Asset Management LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 121.2% during the fourth quarter. Tucker Asset Management LLC now owns 4,711 shares of the company’s stock worth $98,000 after purchasing an additional 2,581 shares during the period. Finally, HBW Advisory Services LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the first quarter worth $223,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Stock Performance

First Trust Long Duration Opportunities ETF stock opened at $20.98 on Wednesday. First Trust Long Duration Opportunities ETF has a one year low of $19.91 and a one year high of $23.64. The business has a fifty day moving average of $21.14 and a two-hundred day moving average of $21.16. The company has a market cap of $641.99 million, a P/E ratio of -11,007.35 and a beta of 0.12.

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.