Park Avenue Securities LLC Cuts Stock Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Park Avenue Securities LLC decreased its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,067 shares of the company’s stock after selling 1,693 shares during the quarter. Park Avenue Securities LLC owned about 0.22% of First Trust Long Duration Opportunities ETF worth $1,077,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Security Financial Services INC. grew its holdings in shares of First Trust Long Duration Opportunities ETF by 5.4% during the first quarter. Security Financial Services INC. now owns 12,831 shares of the company’s stock valued at $274,000 after buying an additional 661 shares during the last quarter. Clarus Wealth Advisors lifted its position in First Trust Long Duration Opportunities ETF by 2.7% in the 1st quarter. Clarus Wealth Advisors now owns 28,485 shares of the company’s stock valued at $588,000 after acquiring an additional 743 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in First Trust Long Duration Opportunities ETF during the 1st quarter valued at $29,000. Wedbush Securities Inc. boosted its stake in First Trust Long Duration Opportunities ETF by 15.3% during the 2nd quarter. Wedbush Securities Inc. now owns 13,356 shares of the company’s stock valued at $281,000 after purchasing an additional 1,773 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter worth $53,000.

First Trust Long Duration Opportunities ETF Stock Up 0.1 %

Shares of NYSEARCA:LGOV opened at $21.87 on Wednesday. First Trust Long Duration Opportunities ETF has a 1 year low of $19.32 and a 1 year high of $23.64. The stock’s fifty day moving average price is $22.30 and its 200-day moving average price is $21.44.

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.