Geneos Wealth Management Inc. Sells 103,769 Shares of First Trust Long Duration Opportunities ETF $LGOV

Geneos Wealth Management Inc. cut its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 94.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,325 shares of the company’s stock after selling 103,769 shares during the quarter. Geneos Wealth Management Inc.’s holdings in First Trust Long Duration Opportunities ETF were worth $136,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its position in First Trust Long Duration Opportunities ETF by 9.2% during the 1st quarter. LPL Financial LLC now owns 3,194,436 shares of the company’s stock worth $68,680,000 after buying an additional 268,657 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Long Duration Opportunities ETF by 4.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,137,783 shares of the company’s stock worth $24,462,000 after buying an additional 50,300 shares in the last quarter. Royal Bank of Canada lifted its position in First Trust Long Duration Opportunities ETF by 17.3% during the 1st quarter. Royal Bank of Canada now owns 1,014,631 shares of the company’s stock worth $21,815,000 after buying an additional 149,850 shares in the last quarter. Financial Enhancement Group LLC lifted its position in First Trust Long Duration Opportunities ETF by 45.6% during the 1st quarter. Financial Enhancement Group LLC now owns 1,004,933 shares of the company’s stock worth $21,043,000 after buying an additional 314,626 shares in the last quarter. Finally, GDS Wealth Management increased its stake in shares of First Trust Long Duration Opportunities ETF by 11.9% during the 1st quarter. GDS Wealth Management now owns 980,930 shares of the company’s stock worth $21,090,000 after purchasing an additional 104,645 shares during the last quarter. 0.03% of the stock is owned by institutional investors.

First Trust Long Duration Opportunities ETF Price Performance

First Trust Long Duration Opportunities ETF stock opened at $21.99 on Wednesday. The firm has a market capitalization of $647.61 million, a PE ratio of -11,537.25 and a beta of 0.12. The company’s 50-day moving average is $21.42 and its 200-day moving average is $21.32. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.91 and a fifty-two week high of $23.64.

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.