FWG Holdings LLC Makes New $7.82 Million Investment in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

FWG Holdings LLC purchased a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 373,883 shares of the company’s stock, valued at approximately $7,822,000. First Trust Long Duration Opportunities ETF comprises about 3.8% of FWG Holdings LLC’s portfolio, making the stock its 6th biggest position.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in First Trust Long Duration Opportunities ETF in the 4th quarter valued at approximately $28,485,000. Assetmark Inc. increased its position in First Trust Long Duration Opportunities ETF by 18.3% in the 4th quarter. Assetmark Inc. now owns 147,116 shares of the company’s stock valued at $3,066,000 after acquiring an additional 22,756 shares during the period. Synergy Investment Management LLC bought a new position in shares of First Trust Long Duration Opportunities ETF during the fourth quarter valued at $174,000. SRS Capital Advisors Inc. acquired a new position in shares of First Trust Long Duration Opportunities ETF during the fourth quarter worth $5,541,000. Finally, Maia Wealth LLC grew its stake in shares of First Trust Long Duration Opportunities ETF by 13.0% in the fourth quarter. Maia Wealth LLC now owns 49,808 shares of the company’s stock worth $1,042,000 after purchasing an additional 5,720 shares during the last quarter.

First Trust Long Duration Opportunities ETF Stock Down 0.1 %

Shares of NYSEARCA:LGOV opened at $21.41 on Monday. First Trust Long Duration Opportunities ETF has a 12-month low of $20.07 and a 12-month high of $23.64. The business has a fifty day simple moving average of $20.98 and a 200 day simple moving average of $21.47.

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.