Avantax Advisory Services Inc. Has $4.20 Million Stock Holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Avantax Advisory Services Inc. grew its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 18.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 201,476 shares of the company’s stock after acquiring an additional 32,061 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Long Duration Opportunities ETF were worth $4,199,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LGOV. Private Trust Co. NA lifted its position in First Trust Long Duration Opportunities ETF by 41.6% during the fourth quarter. Private Trust Co. NA now owns 3,294 shares of the company’s stock worth $69,000 after purchasing an additional 967 shares during the period. Synergy Investment Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF in the 4th quarter valued at approximately $174,000. US Bancorp DE bought a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $182,000. Kovack Advisors Inc. acquired a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth approximately $210,000. Finally, Private Client Services LLC increased its stake in First Trust Long Duration Opportunities ETF by 24.4% in the fourth quarter. Private Client Services LLC now owns 11,342 shares of the company’s stock valued at $236,000 after acquiring an additional 2,227 shares during the last quarter.

First Trust Long Duration Opportunities ETF Stock Performance

Shares of LGOV opened at $21.41 on Friday. First Trust Long Duration Opportunities ETF has a one year low of $20.07 and a one year high of $23.64. The firm has a 50 day simple moving average of $21.04 and a two-hundred day simple moving average of $21.45.

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.