Kovack Advisors Inc. Buys New Holdings in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Kovack Advisors Inc. purchased a new position in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,354 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors have also bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in shares of First Trust Long Duration Opportunities ETF during the second quarter valued at about $53,000. Centaurus Financial Inc. bought a new stake in shares of First Trust Long Duration Opportunities ETF in the second quarter worth about $112,000. CWM LLC purchased a new position in First Trust Long Duration Opportunities ETF during the 3rd quarter valued at about $155,000. US Bancorp DE bought a new position in First Trust Long Duration Opportunities ETF during the 3rd quarter valued at approximately $182,000. Finally, Private Client Services LLC purchased a new stake in First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $204,000.

First Trust Long Duration Opportunities ETF Trading Down 0.1 %

Shares of LGOV stock opened at $21.05 on Friday. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.07 and a fifty-two week high of $23.64. The business’s 50 day moving average price is $21.89 and its 200-day moving average price is $21.56.

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.