Mach 1 Financial Group LLC Makes New Investment in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Mach 1 Financial Group LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 314,282 shares of the company’s stock, valued at approximately $6,663,000. First Trust Intermediate Duration Investment Grade Corporate ETF makes up 1.4% of Mach 1 Financial Group LLC’s holdings, making the stock its 20th largest position. Mach 1 Financial Group LLC owned 1.03% of First Trust Intermediate Duration Investment Grade Corporate ETF at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FIIG. Concurrent Investment Advisors LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock worth $14,222,000 after buying an additional 358,716 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 413.8% during the 3rd quarter. Mutual Advisors LLC now owns 181,282 shares of the company’s stock worth $3,864,000 after purchasing an additional 145,997 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 70.3% during the 3rd quarter. HighTower Advisors LLC now owns 325,134 shares of the company’s stock worth $6,903,000 after purchasing an additional 134,233 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $2,099,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 44.2% during the 4th quarter. Benjamin Edwards Inc. now owns 318,846 shares of the company’s stock worth $6,760,000 after purchasing an additional 97,729 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.6%

FIIG stock opened at $20.59 on Thursday. The firm’s 50 day moving average price is $20.80 and its 200-day moving average price is $21.05. First Trust Intermediate Duration Investment Grade Corporate ETF has a one year low of $20.30 and a one year high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed, investing in a broad portfolio of US investment grade, corporate debt securities. The portfolio aims for a dollar-weighted average maturity between three and ten years FIIG was launched on Aug 2, 2023 and is issued by First Trust.