Narwhal Capital Management Cuts Stake in First Trust Intermediate Government Opportunities ETF $MGOV

Narwhal Capital Management reduced its holdings in shares of First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,515 shares of the company’s stock after selling 1,403 shares during the quarter. Narwhal Capital Management owned 1.02% of First Trust Intermediate Government Opportunities ETF worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MGOV. NewEdge Advisors LLC bought a new position in shares of First Trust Intermediate Government Opportunities ETF during the first quarter valued at $2,404,000. Integrated Wealth Concepts LLC lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 186.1% during the first quarter. Integrated Wealth Concepts LLC now owns 67,703 shares of the company’s stock valued at $1,371,000 after purchasing an additional 44,039 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 15.3% during the second quarter. Truist Financial Corp now owns 192,640 shares of the company’s stock valued at $3,882,000 after purchasing an additional 25,597 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 16.1% during the first quarter. Envestnet Asset Management Inc. now owns 167,653 shares of the company’s stock valued at $3,396,000 after purchasing an additional 23,286 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 44.4% during the first quarter. IFP Advisors Inc now owns 38,717 shares of the company’s stock valued at $784,000 after purchasing an additional 11,899 shares in the last quarter.

First Trust Intermediate Government Opportunities ETF Stock Up 0.2%

Shares of NYSEARCA:MGOV opened at $20.53 on Thursday. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.54 and a 1 year high of $20.73. The stock’s fifty day moving average price is $20.37 and its 200-day moving average price is $20.13.

First Trust Intermediate Government Opportunities ETF 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.