HighTower Advisors LLC Invests $2.73 Million in First Trust Intermediate Government Opportunities ETF $MGOV

HighTower Advisors LLC acquired a new stake in shares of First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 133,343 shares of the company’s stock, valued at approximately $2,730,000. HighTower Advisors LLC owned 4.37% of First Trust Intermediate Government Opportunities ETF at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Intermediate Government Opportunities ETF by 18.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 198,905 shares of the company’s stock valued at $4,008,000 after purchasing an additional 31,252 shares during the period. First Trust Advisors LP boosted its stake in First Trust Intermediate Government Opportunities ETF by 71.9% during the second quarter. First Trust Advisors LP now owns 186,456 shares of the company’s stock worth $3,757,000 after acquiring an additional 78,011 shares in the last quarter. Jane Street Group LLC purchased a new stake in First Trust Intermediate Government Opportunities ETF in the second quarter worth about $1,697,000. Osaic Holdings Inc. increased its stake in shares of First Trust Intermediate Government Opportunities ETF by 37.4% during the second quarter. Osaic Holdings Inc. now owns 7,788 shares of the company’s stock valued at $157,000 after purchasing an additional 2,119 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC lifted its holdings in shares of First Trust Intermediate Government Opportunities ETF by 52.7% during the third quarter. Inspirion Wealth Advisors LLC now owns 125,017 shares of the company’s stock valued at $2,609,000 after purchasing an additional 43,149 shares during the last quarter.

First Trust Intermediate Government Opportunities ETF Price Performance

Shares of MGOV opened at $20.75 on Friday. The business’s 50 day moving average price is $20.57 and its 200-day moving average price is $20.52. First Trust Intermediate Government Opportunities ETF has a 52 week low of $19.56 and a 52 week high of $20.84.

First Trust Intermediate Government Opportunities ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 4.9%.

About First Trust Intermediate Government Opportunities ETF

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.