Orion Portfolio Solutions LLC Purchases 15,213 Shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Orion Portfolio Solutions LLC increased its position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,453 shares of the company’s stock after buying an additional 15,213 shares during the period. Orion Portfolio Solutions LLC owned 0.53% of First Trust Long Duration Opportunities ETF worth $2,564,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the 2nd quarter worth $53,000. Centaurus Financial Inc. acquired a new position in First Trust Long Duration Opportunities ETF during the second quarter worth $112,000. CWM LLC bought a new position in First Trust Long Duration Opportunities ETF during the third quarter valued at about $155,000. US Bancorp DE acquired a new stake in shares of First Trust Long Duration Opportunities ETF in the third quarter worth about $182,000. Finally, Private Client Services LLC bought a new stake in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter worth about $204,000.

First Trust Long Duration Opportunities ETF Price Performance

Shares of LGOV stock opened at $21.51 on Thursday. The stock’s 50 day simple moving average is $21.48 and its 200 day simple moving average is $21.65. First Trust Long Duration Opportunities ETF has a twelve month low of $20.07 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.