Gladstone Institutional Advisory LLC Sells 544,932 Shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Gladstone Institutional Advisory LLC reduced its stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 59.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 370,857 shares of the company’s stock after selling 544,932 shares during the quarter. Gladstone Institutional Advisory LLC owned approximately 1.73% of First Trust Long Duration Opportunities ETF worth $7,729,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWM LLC bought a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $155,000. Iams Wealth Management LLC raised its stake in shares of First Trust Long Duration Opportunities ETF by 35.9% during the 3rd quarter. Iams Wealth Management LLC now owns 66,559 shares of the company’s stock worth $1,491,000 after purchasing an additional 17,566 shares during the period. Good Life Advisors LLC grew its position in First Trust Long Duration Opportunities ETF by 8.2% during the third quarter. Good Life Advisors LLC now owns 66,919 shares of the company’s stock valued at $1,499,000 after buying an additional 5,048 shares during the period. Global Retirement Partners LLC boosted its stake in First Trust Long Duration Opportunities ETF by 235.5% in the third quarter. Global Retirement Partners LLC now owns 77,285 shares of the company’s stock valued at $1,731,000 after acquiring an additional 54,249 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of First Trust Long Duration Opportunities ETF by 181.5% in the 3rd quarter. Raymond James & Associates now owns 707,199 shares of the company’s stock worth $15,841,000 after purchasing an additional 456,002 shares during the period.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA LGOV opened at $20.94 on Wednesday. The stock has a fifty day simple moving average of $20.98 and a two-hundred day simple moving average of $21.57. First Trust Long Duration Opportunities ETF has a 1-year low of $20.07 and a 1-year 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.