GDS Wealth Management Raises Stock Holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

GDS Wealth Management lifted its holdings in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,583 shares of the company’s stock after purchasing an additional 53,212 shares during the quarter. First Trust Long Duration Opportunities ETF accounts for approximately 1.4% of GDS Wealth Management’s portfolio, making the stock its 27th largest position. GDS Wealth Management owned about 5.35% of First Trust Long Duration Opportunities ETF worth $10,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. purchased a new stake in First Trust Long Duration Opportunities ETF in the third quarter worth approximately $211,000. Great Valley Advisor Group Inc. bought a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter valued at approximately $224,000. MBE Wealth Management LLC bought a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter valued at approximately $225,000. Park Avenue Securities LLC bought a new stake in First Trust Long Duration Opportunities ETF in the third quarter valued at approximately $246,000. Finally, N.E.W. Advisory Services LLC bought a new stake in First Trust Long Duration Opportunities ETF in the fourth quarter valued at approximately $257,000.

First Trust Long Duration Opportunities ETF Stock Performance

LGOV stock traded up $0.05 during midday trading on Thursday, hitting $20.74. The company had a trading volume of 123,667 shares, compared to its average volume of 250,453. First Trust Long Duration Opportunities ETF has a 52 week low of $19.32 and a 52 week high of $23.07. The stock’s 50 day moving average price is $20.95 and its 200 day moving average price is $21.11.

About First Trust Long Duration Opportunities ETF

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.