Independent Advisor Alliance bought a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 66,840 shares of the company’s stock, valued at approximately $1,393,000. Independent Advisor Alliance owned 0.31% of First Trust Long Duration Opportunities ETF as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its stake in shares of First Trust Long Duration Opportunities ETF by 41.6% in the 4th quarter. Private Trust Co. NA now owns 3,294 shares of the company’s stock worth $69,000 after purchasing an additional 967 shares during the period. US Bancorp DE purchased a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $182,000. Synergy Investment Management LLC bought a new position in First Trust Long Duration Opportunities ETF in the fourth quarter worth approximately $174,000. Kovack Advisors Inc. purchased a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth $210,000. Finally, Concorde Asset Management LLC bought a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter valued at $248,000.
First Trust Long Duration Opportunities ETF Stock Performance
NYSEARCA:LGOV opened at $21.41 on Friday. First Trust Long Duration Opportunities ETF has a one year low of $20.07 and a one year high of $23.64. The business has a fifty day moving average price of $21.04 and a 200-day moving average price of $21.45.
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.
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