Concourse Financial Group Securities Inc. Reduces Stock Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Concourse Financial Group Securities Inc. trimmed its stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 5.9% in the third quarter, Holdings Channel.com reports. The fund owned 15,914 shares of the company’s stock after selling 990 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Long Duration Opportunities ETF were worth $356,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. CWM LLC acquired a new position in First Trust Long Duration Opportunities ETF during the third quarter worth $155,000. Private Client Services LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF in the third quarter valued at $204,000. Centaurus Financial Inc. acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 2nd quarter worth $112,000. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter worth about $676,000. Finally, Cetera Investment Advisers grew its stake in First Trust Long Duration Opportunities ETF by 15.6% in the 2nd quarter. Cetera Investment Advisers now owns 492,917 shares of the company’s stock valued at $10,366,000 after acquiring an additional 66,454 shares during the last quarter.

First Trust Long Duration Opportunities ETF Stock Performance

NYSEARCA:LGOV opened at $21.94 on Thursday. The firm has a 50-day moving average price of $22.27 and a two-hundred day moving average price of $21.45. First Trust Long Duration Opportunities ETF has a twelve month low of $19.32 and a twelve month 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.