Narwhal Capital Management Makes New Investment in First Trust Intermediate Government Opportunities ETF $MGOV

Narwhal Capital Management acquired a new stake in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 58,514 shares of the company’s stock, valued at approximately $1,114,000. Narwhal Capital Management owned 1.22% of First Trust Intermediate Government Opportunities ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Intermediate Government Opportunities ETF by 32.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,004,072 shares of the company’s stock valued at $20,271,000 after purchasing an additional 245,936 shares during the period. Commonwealth Equity Services LLC acquired a new stake in First Trust Intermediate Government Opportunities ETF in the 3rd quarter valued at about $9,740,000. First Trust Advisors LP grew its holdings in First Trust Intermediate Government Opportunities ETF by 37.6% during the first quarter. First Trust Advisors LP now owns 249,647 shares of the company’s stock worth $5,062,000 after purchasing an additional 68,232 shares during the period. Cetera Investment Advisers grew its holdings in First Trust Intermediate Government Opportunities ETF by 8.5% during the first quarter. Cetera Investment Advisers now owns 206,115 shares of the company’s stock worth $4,179,000 after purchasing an additional 16,158 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in First Trust Intermediate Government Opportunities ETF by 11.7% during the second quarter. Integrated Wealth Concepts LLC now owns 112,197 shares of the company’s stock worth $2,265,000 after purchasing an additional 11,768 shares during the period.

First Trust Intermediate Government Opportunities ETF Price Performance

Shares of NYSEARCA MGOV opened at $19.50 on Wednesday. The business’s 50 day moving average price is $19.42 and its two-hundred day moving average price is $20.04. First Trust Intermediate Government Opportunities ETF has a twelve month low of $18.94 and a twelve month high of $20.95.

First Trust Intermediate Government Opportunities ETF Company Profile

The First Trust Intermediate Government Opportunities ETF (MGOV) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that mainly invests in U.S. Treasury and mortgage-related securities MGOV was launched on Aug 2, 2023 and is issued by First Trust.