Mach 1 Financial Group LLC Buys Shares of 314,282 First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Mach 1 Financial Group LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 314,282 shares of the company’s stock, valued at approximately $6,663,000. First Trust Intermediate Duration Investment Grade Corporate ETF accounts for approximately 1.4% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth $61,000. Allworth Financial LP acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter worth $64,000. Private Trust Co. NA grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the fourth quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after acquiring an additional 3,230 shares in the last quarter. Finally, Balboa Wealth Partners acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the fourth quarter worth $214,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FIIG opened at $20.59 on Thursday. The company has a fifty day simple moving average of $20.80 and a two-hundred day simple moving average of $21.05. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.30 and a 52 week high of $21.49.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.