Janney Montgomery Scott LLC Increases Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 8.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,730 shares of the company’s stock after purchasing an additional 24,378 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.50% of First Trust Long Duration Opportunities ETF worth $7,207,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV boosted its holdings in First Trust Long Duration Opportunities ETF by 1.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 46,621 shares of the company’s stock worth $1,044,000 after buying an additional 553 shares during the last quarter. Stephens Inc. AR lifted its position in First Trust Long Duration Opportunities ETF by 21.3% in the third quarter. Stephens Inc. AR now owns 729,784 shares of the company’s stock valued at $16,347,000 after buying an additional 127,913 shares during the last quarter. US Bancorp DE purchased a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $182,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of First Trust Long Duration Opportunities ETF by 4.0% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,726 shares of the company’s stock valued at $330,000 after buying an additional 569 shares during the period. Finally, Cedrus LLC lifted its stake in First Trust Long Duration Opportunities ETF by 89.3% during the 3rd quarter. Cedrus LLC now owns 99,265 shares of the company’s stock worth $2,224,000 after acquiring an additional 46,820 shares in the last quarter.

First Trust Long Duration Opportunities ETF Price Performance

NYSEARCA LGOV opened at $21.43 on Friday. The firm has a 50 day simple moving average of $22.01 and a 200-day simple moving average of $21.53. First Trust Long Duration Opportunities ETF has a one year low of $20.01 and a one year high of $23.64.

First Trust Long Duration Opportunities ETF 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.