Arvest Investments Inc. Reduces Stock Position in First Trust Long Duration Opportunities ETF $LGOV

Arvest Investments Inc. lowered its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 43.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,565 shares of the company’s stock after selling 123,312 shares during the quarter. Arvest Investments Inc. owned approximately 0.53% of First Trust Long Duration Opportunities ETF worth $3,527,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in LGOV. Larson Financial Group LLC grew its position in shares of First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,669 shares of the company’s stock valued at $58,000 after purchasing an additional 469 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the third quarter worth approximately $61,000. Wealth Watch Advisors INC bought a new position in shares of First Trust Long Duration Opportunities ETF in the third quarter worth approximately $69,000. Geneos Wealth Management Inc. raised its stake in 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 valued at $154,000 after purchasing an additional 860 shares in the last quarter. Finally, Faithward Advisors LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the second quarter valued at approximately $217,000. Hedge funds and other institutional investors 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 $21.57 on Friday. First Trust Long Duration Opportunities ETF has a 1 year low of $19.91 and a 1 year high of $23.59. The firm has a market cap of $663.28 million, a PE ratio of -11,316.89 and a beta of 0.33. The company has a 50 day simple moving average of $21.89 and a two-hundred day simple moving average of $21.93.

First Trust Long Duration Opportunities ETF 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.