Raymond James Financial Inc. Acquires Shares of 1,366,849 First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Raymond James Financial Inc. acquired a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,366,849 shares of the company’s stock, valued at approximately $28,485,000. Raymond James Financial Inc. owned 6.37% of First Trust Long Duration Opportunities ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LGOV. Private Trust Co. NA raised its position in First Trust Long Duration Opportunities ETF by 41.6% during the fourth quarter. Private Trust Co. NA now owns 3,294 shares of the company’s stock valued at $69,000 after purchasing an additional 967 shares during the period. Synergy Investment Management LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the fourth quarter valued at approximately $174,000. US Bancorp DE purchased a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $182,000. Kovack Advisors Inc. purchased a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $210,000. Finally, Private Client Services LLC raised 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 period.

First Trust Long Duration Opportunities ETF Trading Down 0.4 %

Shares of NYSEARCA LGOV opened at $21.41 on Friday. The business’s 50 day moving average price is $21.04 and its 200-day moving average price is $21.45. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.07 and a fifty-two 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.