Private Client Services LLC Makes New Investment in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Private Client Services LLC purchased a new position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,115 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also recently made changes to their positions in LGOV. Cetera Advisor Networks LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 572.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 196,021 shares of the company’s stock worth $4,338,000 after purchasing an additional 166,877 shares during the period. Integrated Advisors Network LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the 4th quarter valued at $350,000. ICA Group Wealth Management LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the fourth quarter worth $4,333,000. Park Avenue Securities LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF during the first quarter worth $937,000. Finally, Clarus Wealth Advisors lifted its position in First Trust Long Duration Opportunities ETF by 2.7% during the first quarter. Clarus Wealth Advisors now owns 28,485 shares of the company’s stock valued at $588,000 after purchasing an additional 743 shares during the period.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of NYSEARCA LGOV traded down $0.28 during trading on Friday, reaching $21.99. 205,030 shares of the company traded hands, compared to its average volume of 227,506. First Trust Long Duration Opportunities ETF has a 12-month low of $19.32 and a 12-month high of $23.64. The firm’s fifty day simple moving average is $22.28 and its 200 day simple moving average is $21.43.

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.