Stephens Inc. AR Makes New $7.49 Million Investment in First Trust Intermediate Government Opportunities ETF $MGOV

Stephens Inc. AR purchased a new stake in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 369,248 shares of the company’s stock, valued at approximately $7,487,000. Stephens Inc. AR owned 7.31% of First Trust Intermediate Government Opportunities ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MGOV. Truist Financial Corp lifted its stake in shares of First Trust Intermediate Government Opportunities ETF by 246.0% in the 4th quarter. Truist Financial Corp now owns 715,577 shares of the company’s stock valued at $14,651,000 after purchasing an additional 508,778 shares during the last quarter. Cetera Investment Advisers raised its holdings in First Trust Intermediate Government Opportunities ETF by 450.2% in the 4th quarter. Cetera Investment Advisers now owns 189,957 shares of the company’s stock valued at $3,889,000 after buying an additional 155,430 shares during the period. Kingsview Wealth Management LLC raised its holdings in First Trust Intermediate Government Opportunities ETF by 42.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 431,624 shares of the company’s stock valued at $8,838,000 after buying an additional 129,188 shares during the period. Silver Oak Securities Incorporated acquired a new position in First Trust Intermediate Government Opportunities ETF in the first quarter valued at about $2,156,000. Finally, Jane Street Group LLC purchased a new position in First Trust Intermediate Government Opportunities ETF during the second quarter worth about $1,697,000.

First Trust Intermediate Government Opportunities ETF Stock Performance

Shares of NYSEARCA:MGOV traded down $0.04 during mid-day trading on Tuesday, reaching $20.11. 1,141 shares of the company were exchanged, compared to its average volume of 37,838. The firm’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $20.38. First Trust Intermediate Government Opportunities ETF has a 1 year low of $19.78 and a 1 year high of $20.95.

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.