FWG Holdings LLC Purchases Shares of 373,883 First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

FWG Holdings LLC purchased a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 373,883 shares of the company’s stock, valued at approximately $7,822,000. First Trust Long Duration Opportunities ETF makes up approximately 3.8% of FWG Holdings LLC’s investment portfolio, making the stock its 6th largest holding. FWG Holdings LLC owned approximately 1.74% of First Trust Long Duration Opportunities ETF at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Private Trust Co. NA increased its stake in 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 valued at $69,000 after buying an additional 967 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of First Trust Long Duration Opportunities ETF in the 4th quarter valued at about $174,000. US Bancorp DE acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the third quarter valued at about $182,000. Kovack Advisors Inc. bought a new stake in First Trust Long Duration Opportunities ETF during the third quarter worth about $210,000. Finally, Private Client Services LLC boosted its position in First Trust Long Duration Opportunities ETF by 24.4% during the fourth quarter. Private Client Services LLC now owns 11,342 shares of the company’s stock valued at $236,000 after purchasing an additional 2,227 shares during the last quarter.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV stock opened at $21.41 on Monday. First Trust Long Duration Opportunities ETF has a twelve month low of $20.07 and a twelve month high of $23.64. The business has a 50 day moving average price of $20.98 and a two-hundred day moving average price of $21.47.

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.