Orion Porfolio Solutions LLC Cuts Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Orion Porfolio Solutions LLC trimmed its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 57.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,767 shares of the company’s stock after selling 68,840 shares during the quarter. Orion Porfolio Solutions LLC owned approximately 0.18% of First Trust Long Duration Opportunities ETF worth $1,109,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its holdings 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 acquiring an additional 860 shares in the last quarter. Asset Allocation Strategies LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the second quarter worth about $240,000. FSB Premier Wealth Management Inc. raised its position in shares of First Trust Long Duration Opportunities ETF by 11.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 121,758 shares of the company’s stock worth $2,608,000 after purchasing an additional 12,711 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 311.4% during the second quarter. Jane Street Group LLC now owns 394,726 shares of the company’s stock valued at $8,455,000 after acquiring an additional 298,781 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in First Trust Long Duration Opportunities ETF by 36.5% in the 2nd quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock valued at $36,586,000 after purchasing an additional 456,623 shares during the last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Trading Up 0.2%

NYSEARCA:LGOV opened at $21.84 on Wednesday. The company’s 50-day moving average price is $22.01 and its 200-day moving average price is $21.66. First Trust Long Duration Opportunities ETF has a twelve month low of $19.91 and a twelve month high of $22.24. The company has a market cap of $653.02 million, a P/E ratio of -11,458.55 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Dividend Announcement

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

First Trust Long Duration Opportunities ETF Company 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. LGOV was launched on Jan 22, 2019 and is managed by First Trust.