Narwhal Capital Management Purchases New Shares in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV)

Narwhal Capital Management purchased a new position in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,172 shares of the company’s stock, valued at approximately $321,000. Narwhal Capital Management owned approximately 1.01% of First Trust Intermediate Government Opportunities ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MGOV. Commonwealth Financial Services LLC purchased a new position in shares of First Trust Intermediate Government Opportunities ETF in the third quarter worth approximately $22,067,000. Truist Financial Corp boosted its stake in First Trust Intermediate Government Opportunities ETF by 8.7% in the 2nd quarter. Truist Financial Corp now owns 144,110 shares of the company’s stock worth $2,881,000 after purchasing an additional 11,579 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust Intermediate Government Opportunities ETF by 8.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 144,110 shares of the company’s stock worth $2,881,000 after purchasing an additional 11,579 shares during the period. Sigma Planning Corp grew its position in First Trust Intermediate Government Opportunities ETF by 7.4% during the 3rd quarter. Sigma Planning Corp now owns 61,302 shares of the company’s stock worth $1,279,000 after purchasing an additional 4,207 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in First Trust Intermediate Government Opportunities ETF during the 3rd quarter valued at $410,000.

First Trust Intermediate Government Opportunities ETF Stock Performance

MGOV opened at $19.75 on Monday. First Trust Intermediate Government Opportunities ETF has a 12-month low of $19.47 and a 12-month high of $21.13. The stock has a fifty day moving average of $19.95 and a 200-day moving average of $20.33.

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.