Cyndeo Wealth Partners LLC Makes New $6.18 Million Investment in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Cyndeo Wealth Partners LLC acquired a new stake in shares of First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 296,623 shares of the company’s stock, valued at approximately $6,182,000. Cyndeo Wealth Partners LLC owned approximately 1.38% of First Trust Long Duration Opportunities ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LGOV. Centaurus Financial Inc. bought a new position in shares of First Trust Long Duration Opportunities ETF in the 2nd quarter valued at about $112,000. CWM LLC purchased a new stake in First Trust Long Duration Opportunities ETF during the third quarter valued at approximately $155,000. US Bancorp DE bought a new stake in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter valued at approximately $182,000. Private Client Services LLC purchased a new position in shares of First Trust Long Duration Opportunities ETF in the 3rd quarter worth approximately $204,000. Finally, Kovack Advisors Inc. bought a new position in shares of First Trust Long Duration Opportunities ETF during the 3rd quarter valued at approximately $210,000.

First Trust Long Duration Opportunities ETF Stock Performance

NYSEARCA:LGOV opened at $20.76 on Friday. The stock’s fifty day moving average is $21.04 and its 200 day moving average is $21.59. First Trust Long Duration Opportunities ETF has a fifty-two week low of $20.07 and a fifty-two week 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.