First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) is Commonwealth Financial Services LLC’s 5th Largest Position

Commonwealth Financial Services LLC decreased its position in First Trust Intermediate Government Opportunities ETF (NYSEARCA:MGOV) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,044,425 shares of the company’s stock after selling 9,408 shares during the quarter. First Trust Intermediate Government Opportunities ETF accounts for about 4.1% of Commonwealth Financial Services LLC’s holdings, making the stock its 5th biggest holding. Commonwealth Financial Services LLC owned 65.28% of First Trust Intermediate Government Opportunities ETF worth $20,715,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Iams Wealth Management LLC acquired a new stake in First Trust Intermediate Government Opportunities ETF during the fourth quarter worth approximately $461,000. Narwhal Capital Management purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the fourth quarter worth approximately $321,000. Oppenheimer & Co. Inc. purchased a new position in shares of First Trust Intermediate Government Opportunities ETF during the third quarter worth approximately $358,000. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Intermediate Government Opportunities ETF in the 3rd quarter valued at $410,000. Finally, Sigma Planning Corp grew its position in First Trust Intermediate Government Opportunities ETF by 7.4% in the 3rd quarter. Sigma Planning Corp now owns 61,302 shares of the company’s stock valued at $1,279,000 after buying an additional 4,207 shares during the last quarter.

First Trust Intermediate Government Opportunities ETF Stock Performance

Shares of NYSEARCA MGOV opened at $19.89 on Tuesday. First Trust Intermediate Government Opportunities ETF has a one year low of $19.47 and a one year high of $21.13. The company’s fifty day moving average is $19.93 and its two-hundred day moving average is $20.31.

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.