First Trust Long Duration Opportunities ETF $LGOV Holdings Raised by Arvest Investments Inc.

Arvest Investments Inc. lifted its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 14.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284,877 shares of the company’s stock after acquiring an additional 35,648 shares during the period. Arvest Investments Inc. owned about 0.94% of First Trust Long Duration Opportunities ETF worth $6,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC boosted its position in First Trust Long Duration Opportunities ETF by 93.3% during the second quarter. CWM LLC now owns 2,598 shares of the company’s stock valued at $56,000 after purchasing an additional 1,254 shares during the last quarter. Geneos Wealth Management Inc. increased its position in First Trust Long Duration Opportunities ETF by 13.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 7,185 shares of the company’s stock worth $154,000 after buying an additional 860 shares during the period. Faithward Advisors LLC acquired a new position in First Trust Long Duration Opportunities ETF during the 2nd quarter valued at $217,000. Asset Allocation Strategies LLC bought a new stake in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter worth approximately $240,000. Finally, Apollon Wealth Management LLC increased its position in shares of First Trust Long Duration Opportunities ETF by 14.8% during the second quarter. Apollon Wealth Management LLC now owns 15,949 shares of the company’s stock valued at $342,000 after purchasing an additional 2,056 shares during the period. Hedge funds and other institutional investors own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Down 0.3%

LGOV stock opened at $21.85 on Monday. First Trust Long Duration Opportunities ETF has a 1-year low of $19.91 and a 1-year high of $22.24. The business’s 50 day moving average is $22.02 and its 200-day moving average is $21.65. The firm has a market cap of $653.32 million, a P/E ratio of -11,463.80 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a dividend of $0.0775 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, November 21st. First Trust Long Duration Opportunities ETF’s dividend payout ratio is currently -45,645.33%.

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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.