Envestnet Portfolio Solutions Inc. Lowers Stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,260 shares of the company’s stock after selling 9,670 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.53% of First Trust Long Duration Opportunities ETF worth $2,360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings 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 worth $69,000 after buying an additional 967 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the 4th quarter valued at $174,000. US Bancorp DE lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 30.8% during the 4th quarter. US Bancorp DE now owns 10,628 shares of the company’s stock valued at $221,000 after purchasing an additional 2,500 shares during the last quarter. Concorde Asset Management LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter valued at $248,000. Finally, Private Client Services LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 24.4% during the 4th 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 Trading Up 0.1 %

Shares of LGOV opened at $21.60 on Friday. First Trust Long Duration Opportunities ETF has a 12 month low of $20.07 and a 12 month high of $23.64. The stock has a fifty day moving average price of $21.11 and a 200-day moving average price of $21.43.

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.