First Trust Long Duration Opportunities ETF $LGOV Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 678,584 shares of the company’s stock after buying an additional 42,365 shares during the quarter. Envestnet Asset Management Inc. owned 2.27% of First Trust Long Duration Opportunities ETF worth $14,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. grew its stake in shares of First Trust Long Duration Opportunities ETF by 36.5% during the second quarter. Raymond James Financial Inc. now owns 1,708,012 shares of the company’s stock worth $36,586,000 after acquiring an additional 456,623 shares during the last quarter. GDS Wealth Management boosted its stake in First Trust Long Duration Opportunities ETF by 5.6% in the 3rd quarter. GDS Wealth Management now owns 1,071,792 shares of the company’s stock worth $23,311,000 after purchasing an additional 56,399 shares in the last quarter. Csenge Advisory Group boosted its stake in First Trust Long Duration Opportunities ETF by 1.8% in the 3rd quarter. Csenge Advisory Group now owns 917,512 shares of the company’s stock worth $19,956,000 after purchasing an additional 15,959 shares in the last quarter. Marshall Financial Group LLC grew its position in First Trust Long Duration Opportunities ETF by 1.0% during the 3rd quarter. Marshall Financial Group LLC now owns 687,784 shares of the company’s stock worth $14,959,000 after purchasing an additional 6,890 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its stake in First Trust Long Duration Opportunities ETF by 25.9% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 677,378 shares of the company’s stock valued at $14,733,000 after purchasing an additional 139,332 shares in the last quarter. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

First Trust Long Duration Opportunities ETF Trading Up 0.4%

NYSEARCA LGOV opened at $22.28 on Tuesday. First Trust Long Duration Opportunities ETF has a 12-month low of $19.91 and a 12-month high of $22.30. The company has a fifty day simple moving average of $21.88 and a two-hundred day simple moving average of $21.85. The stock has a market cap of $685.11 million, a P/E ratio of -11,689.40 and a beta of 0.33.

First Trust Long Duration Opportunities ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.0775 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, January 21st. First Trust Long Duration Opportunities ETF’s payout ratio is presently -46,169.99%.

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.