Kovack Advisors Inc. Takes $210,000 Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Kovack Advisors Inc. acquired a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 9,354 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LGOV. LPL Financial LLC boosted its position in First Trust Long Duration Opportunities ETF by 36.6% in the second quarter. LPL Financial LLC now owns 1,907,465 shares of the company’s stock worth $40,114,000 after purchasing an additional 511,163 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of First Trust Long Duration Opportunities ETF by 181.5% in 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 during the last quarter. Cetera Investment Advisers grew its position in First Trust Long Duration Opportunities ETF by 1,286.5% during the first quarter. Cetera Investment Advisers now owns 426,463 shares of the company’s stock valued at $9,118,000 after buying an additional 395,705 shares during the period. Owen LaRue LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the first quarter valued at approximately $5,941,000. Finally, Kestra Advisory Services LLC raised its position in First Trust Long Duration Opportunities ETF by 63.3% in the first quarter. Kestra Advisory Services LLC now owns 621,210 shares of the company’s stock worth $13,281,000 after acquiring an additional 240,883 shares during the period.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV stock opened at $21.05 on Friday. First Trust Long Duration Opportunities ETF has a 1 year low of $20.07 and a 1 year high of $23.64. The firm has a fifty day moving average price of $21.89 and a 200-day moving average price of $21.56.

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.