AE Wealth Management LLC Sells 19,952 Shares of First Trust Long Duration Opportunities ETF $LGOV

AE Wealth Management LLC cut its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 21.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,461 shares of the company’s stock after selling 19,952 shares during the period. AE Wealth Management LLC owned about 0.25% of First Trust Long Duration Opportunities ETF worth $1,595,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sigma Planning Corp grew its holdings in shares of First Trust Long Duration Opportunities ETF by 0.9% in the second quarter. Sigma Planning Corp now owns 59,133 shares of the company’s stock worth $1,267,000 after acquiring an additional 555 shares during the period. CWM LLC boosted its position in First Trust Long Duration Opportunities ETF by 93.3% in the second quarter. CWM LLC now owns 2,598 shares of the company’s stock worth $56,000 after purchasing an additional 1,254 shares during the last quarter. Apollon Wealth Management LLC boosted its position in First Trust Long Duration Opportunities ETF by 14.8% in the second quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock worth $342,000 after purchasing an additional 2,056 shares during the last quarter. Core Wealth Partners LLC grew its stake in shares of First Trust Long Duration Opportunities ETF by 5.7% during the 1st quarter. Core Wealth Partners LLC now owns 41,671 shares of the company’s stock valued at $896,000 after purchasing an additional 2,261 shares during the period. Finally, RFG Advisory LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 15.4% during the 2nd quarter. RFG Advisory LLC now owns 19,020 shares of the company’s stock valued at $407,000 after purchasing an additional 2,545 shares during the last quarter. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Stock Up 0.1%

Shares of NYSEARCA:LGOV opened at $22.06 on Thursday. The stock has a market capitalization of $659.59 million, a PE ratio of -11,573.98 and a beta of 0.33. The firm’s 50 day moving average price is $21.97 and its 200-day moving average price is $21.49. First Trust Long Duration Opportunities ETF has a twelve month low of $19.91 and a twelve month high of $22.24.

First Trust Long Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.0775 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. First Trust Long Duration Opportunities ETF’s payout ratio is presently -49,317.94%.

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.