GDS Wealth Management Increases Stock Holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

GDS Wealth Management raised its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 13.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 876,285 shares of the company’s stock after buying an additional 100,602 shares during the period. First Trust Long Duration Opportunities ETF comprises about 1.7% of GDS Wealth Management’s portfolio, making the stock its 22nd largest holding. GDS Wealth Management owned approximately 4.09% of First Trust Long Duration Opportunities ETF worth $18,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in shares of First Trust Long Duration Opportunities ETF by 17.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 39,287 shares of the company’s stock worth $828,000 after acquiring an additional 5,905 shares during the last quarter. MML Investors Services LLC lifted its stake in First Trust Long Duration Opportunities ETF by 24.5% during the third quarter. MML Investors Services LLC now owns 16,412 shares of the company’s stock worth $368,000 after purchasing an additional 3,233 shares in the last quarter. US Bancorp DE purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter valued at $182,000. Janney Montgomery Scott LLC lifted its stake in First Trust Long Duration Opportunities ETF by 14.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 367,062 shares of the company’s stock worth $7,650,000 after acquiring an additional 45,332 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in First Trust Long Duration Opportunities ETF by 181.5% during the 3rd quarter. Raymond James & Associates now owns 707,199 shares of the company’s stock valued at $15,841,000 after acquiring an additional 456,002 shares during the period.

First Trust Long Duration Opportunities ETF Stock Down 0.1 %

NYSEARCA LGOV opened at $20.92 on Tuesday. The stock has a 50-day moving average of $21.03 and a two-hundred day moving average of $21.58. First Trust Long Duration Opportunities ETF has a 1-year low of $20.07 and a 1-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.