Envestnet Asset Management Inc. Raises Stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Envestnet Asset Management Inc. lifted its position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 0.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,075,365 shares of the company’s stock after purchasing an additional 9,260 shares during the quarter. Envestnet Asset Management Inc. owned about 5.01% of First Trust Long Duration Opportunities ETF worth $22,615,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its holdings in First Trust Long Duration Opportunities ETF by 36.6% in the 2nd quarter. LPL Financial LLC now owns 1,907,465 shares of the company’s stock worth $40,114,000 after acquiring an additional 511,163 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Long Duration Opportunities ETF by 1,286.5% in the 1st quarter. Cetera Investment Advisers now owns 426,463 shares of the company’s stock valued at $9,118,000 after purchasing an additional 395,705 shares in the last quarter. Owen LaRue LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the 1st quarter valued at approximately $5,941,000. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Long Duration Opportunities ETF by 51.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 803,991 shares of the company’s stock valued at $17,189,000 after purchasing an additional 274,748 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 63.3% in the 1st quarter. Kestra Advisory Services LLC now owns 621,210 shares of the company’s stock valued at $13,281,000 after purchasing an additional 240,883 shares in the last quarter.

First Trust Long Duration Opportunities ETF Stock Down 0.2 %

Shares of LGOV opened at $22.57 on Monday. The business’s 50 day moving average is $22.07 and its two-hundred day moving average is $21.36. First Trust Long Duration Opportunities ETF has a 52-week low of $19.32 and a 52-week high of $23.64.

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.