Janney Montgomery Scott LLC Raises Stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Janney Montgomery Scott LLC raised its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 367,062 shares of the company’s stock after buying an additional 45,332 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.71% of First Trust Long Duration Opportunities ETF worth $7,650,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new stake in First Trust Long Duration Opportunities ETF in the 2nd quarter valued at $112,000. CWM LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter valued at $155,000. US Bancorp DE purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter valued at $182,000. Private Client Services LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter valued at $204,000. Finally, Kovack Advisors Inc. purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter valued at $210,000.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of NYSEARCA:LGOV opened at $20.95 on Wednesday. The business has a fifty day moving average of $21.04 and a two-hundred day moving average of $21.59. First Trust Long Duration Opportunities ETF has a 52-week low of $20.07 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.