Mach 1 Financial Group LLC Has $5.18 Million Stock Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Mach 1 Financial Group LLC raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 17.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 242,623 shares of the company’s stock after acquiring an additional 36,569 shares during the quarter. First Trust Intermediate Duration Investment Grade Corporate ETF makes up 3.2% of Mach 1 Financial Group LLC’s portfolio, making the stock its 11th biggest position. Mach 1 Financial Group LLC’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $5,184,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter worth approximately $1,759,000. Avantax Advisory Services Inc. bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 1st quarter worth $990,000. Kingsview Wealth Management LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 157,783 shares of the company’s stock worth $3,246,000 after purchasing an additional 15,994 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 1st quarter valued at $1,523,000. Finally, Owen LaRue LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter valued at $4,388,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.2 %

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $20.91 on Friday. The firm’s fifty day moving average price is $21.19 and its two-hundred day moving average price is $20.82. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $19.54 and a 1-year high of $21.60.

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.