GDS Wealth Management Has $23.31 Million Position in First Trust Long Duration Opportunities ETF $LGOV

GDS Wealth Management lifted its holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 5.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,071,792 shares of the company’s stock after purchasing an additional 56,399 shares during the period. First Trust Long Duration Opportunities ETF accounts for approximately 1.5% of GDS Wealth Management’s portfolio, making the stock its 21st biggest holding. GDS Wealth Management owned 3.58% of First Trust Long Duration Opportunities ETF worth $23,311,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in LGOV. CWM LLC increased its position in First Trust Long Duration Opportunities ETF by 93.3% in the 2nd quarter. CWM LLC now owns 2,598 shares of the company’s stock worth $56,000 after buying an additional 1,254 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of First Trust Long Duration Opportunities ETF by 13.6% in the second quarter. Geneos Wealth Management Inc. now owns 7,185 shares of the company’s stock worth $154,000 after acquiring an additional 860 shares during the last quarter. Faithward Advisors LLC bought a new position in First Trust Long Duration Opportunities ETF during the second quarter worth $217,000. Asset Allocation Strategies LLC bought a new position in First Trust Long Duration Opportunities ETF during the second quarter worth $240,000. Finally, Apollon Wealth Management LLC raised its stake in First Trust Long Duration Opportunities ETF by 14.8% during the 2nd 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 last quarter. Institutional investors and hedge funds own 0.03% of the company’s stock.

First Trust Long Duration Opportunities ETF Price Performance

Shares of First Trust Long Duration Opportunities ETF stock opened at $21.81 on Friday. The firm has a fifty day moving average price of $21.92 and a two-hundred day moving average price of $21.76. First Trust Long Duration Opportunities ETF has a fifty-two week low of $19.91 and a fifty-two week high of $22.24. The company has a market cap of $670.66 million, a PE ratio of -11,442.81 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st will be given a $0.0775 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, January 21st. First Trust Long Duration Opportunities ETF’s payout ratio is currently -46,169.99%.

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.