Midwest Financial Group LLC Purchases 956 Shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Midwest Financial Group LLC boosted its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 108,223 shares of the company’s stock after acquiring an additional 956 shares during the quarter. First Trust Long Duration Opportunities ETF accounts for approximately 1.3% of Midwest Financial Group LLC’s portfolio, making the stock its 19th largest position. Midwest Financial Group LLC’s holdings in First Trust Long Duration Opportunities ETF were worth $2,255,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Financial Enhancement Group LLC acquired a new stake in First Trust Long Duration Opportunities ETF in the 4th quarter worth about $14,089,000. Raymond James & Associates grew its stake in First Trust Long Duration Opportunities ETF by 181.5% during the third quarter. Raymond James & Associates now owns 707,199 shares of the company’s stock worth $15,841,000 after buying an additional 456,002 shares in the last quarter. Stifel Financial Corp increased its holdings in First Trust Long Duration Opportunities ETF by 447.3% in the 3rd quarter. Stifel Financial Corp now owns 217,161 shares of the company’s stock valued at $4,864,000 after buying an additional 177,485 shares during the period. HighTower Advisors LLC raised its position in shares of First Trust Long Duration Opportunities ETF by 17.1% in the 3rd quarter. HighTower Advisors LLC now owns 938,764 shares of the company’s stock valued at $21,033,000 after buying an additional 137,364 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 21.3% during the 3rd quarter. Stephens Inc. AR now owns 729,784 shares of the company’s stock worth $16,347,000 after acquiring an additional 127,913 shares during the period.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV opened at $20.68 on Friday. The firm has a 50 day simple moving average of $21.06 and a two-hundred day simple moving average of $21.60. First Trust Long Duration Opportunities ETF has a one year low of $20.07 and a one year high of $23.64.

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.