Raymond James Financial Inc. Invests $28.49 Million in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Raymond James Financial Inc. purchased a new position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,366,849 shares of the company’s stock, valued at approximately $28,485,000. Raymond James Financial Inc. owned 0.06% of First Trust Long Duration Opportunities ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE bought a new position in First Trust Long Duration Opportunities ETF in the third quarter worth approximately $182,000. Oppenheimer & Co. Inc. grew its stake in First Trust Long Duration Opportunities ETF by 19.4% in the third quarter. Oppenheimer & Co. Inc. now owns 41,392 shares of the company’s stock worth $927,000 after purchasing an additional 6,738 shares in the last quarter. Kovack Advisors Inc. bought a new position in First Trust Long Duration Opportunities ETF in the third quarter worth approximately $210,000. Holistic Financial Partners grew its stake in First Trust Long Duration Opportunities ETF by 3.1% in the third quarter. Holistic Financial Partners now owns 252,236 shares of the company’s stock worth $5,650,000 after purchasing an additional 7,549 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in First Trust Long Duration Opportunities ETF by 19.7% in the third quarter. Prospera Financial Services Inc now owns 128,207 shares of the company’s stock worth $2,872,000 after purchasing an additional 21,058 shares in the last quarter.

First Trust Long Duration Opportunities ETF Price Performance

Shares of NYSEARCA:LGOV opened at $21.41 on Friday. First Trust Long Duration Opportunities ETF has a 52-week low of $20.07 and a 52-week high of $23.64. The business’s 50 day moving average is $21.04 and its 200 day moving average is $21.45.

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.