HighTower Advisors LLC Cuts Stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

HighTower Advisors LLC lowered its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 8.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 857,450 shares of the company’s stock after selling 81,314 shares during the quarter. HighTower Advisors LLC owned approximately 4.00% of First Trust Long Duration Opportunities ETF worth $17,869,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LGOV. Oppenheimer & Co. Inc. grew its position in shares of First Trust Long Duration Opportunities ETF by 19.4% during the third quarter. Oppenheimer & Co. Inc. now owns 41,392 shares of the company’s stock worth $927,000 after purchasing an additional 6,738 shares in the last quarter. Kovack Advisors Inc. bought a new position in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $210,000. Holistic Financial Partners boosted its stake in First Trust Long Duration Opportunities ETF by 3.1% during the third quarter. Holistic Financial Partners now owns 252,236 shares of the company’s stock valued at $5,650,000 after buying an additional 7,549 shares during the last quarter. Prospera Financial Services Inc boosted its stake in First Trust Long Duration Opportunities ETF by 19.7% during the third quarter. Prospera Financial Services Inc now owns 128,207 shares of the company’s stock valued at $2,872,000 after buying an additional 21,058 shares during the last quarter. Finally, Concorde Asset Management LLC bought a new position in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $248,000.

First Trust Long Duration Opportunities ETF Price Performance

Shares of First Trust Long Duration Opportunities ETF stock opened at $21.41 on Friday. The stock has a 50 day moving average of $21.04 and a 200 day moving average of $21.45. First Trust Long Duration Opportunities ETF has a 12 month low of $20.07 and a 12 month 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.