NewEdge Advisors LLC Has $5.02 Million Stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

NewEdge Advisors LLC grew its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,934 shares of the company’s stock after buying an additional 2,954 shares during the quarter. NewEdge Advisors LLC owned 1.12% of First Trust Long Duration Opportunities ETF worth $5,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its position in First Trust Long Duration Opportunities ETF by 2.9% during the fourth quarter. LPL Financial LLC now owns 2,925,779 shares of the company’s stock valued at $60,973,000 after purchasing an additional 83,278 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 4th quarter worth $28,485,000. GDS Wealth Management lifted its position in shares of First Trust Long Duration Opportunities ETF by 13.0% during the 4th quarter. GDS Wealth Management now owns 876,285 shares of the company’s stock worth $18,262,000 after buying an additional 100,602 shares during the last quarter. Financial Enhancement Group LLC acquired a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter valued at about $14,089,000. Finally, Marshall Financial Group LLC grew its position in First Trust Long Duration Opportunities ETF by 6.8% in the fourth quarter. Marshall Financial Group LLC now owns 676,567 shares of the company’s stock valued at $14,100,000 after acquiring an additional 43,218 shares during the last quarter.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA LGOV opened at $21.31 on Friday. First Trust Long Duration Opportunities ETF has a 12 month low of $19.93 and a 12 month high of $23.64. The stock has a 50-day moving average price of $21.36 and a two-hundred day moving average price of $21.25.

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.