Mach 1 Financial Group LLC Acquires Shares of 540,149 First Trust Core Investment Grade ETF $FTCB

Mach 1 Financial Group LLC acquired a new stake in First Trust Core Investment Grade ETF (NYSEARCA:FTCB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 540,149 shares of the company’s stock, valued at approximately $11,467,000. First Trust Core Investment Grade ETF accounts for approximately 2.4% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 9th biggest position. Mach 1 Financial Group LLC owned 0.56% of First Trust Core Investment Grade ETF as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc grew its stake in shares of First Trust Core Investment Grade ETF by 20.1% during the 4th quarter. IFP Advisors Inc now owns 231,832 shares of the company’s stock worth $4,922,000 after acquiring an additional 38,740 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of First Trust Core Investment Grade ETF by 40.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 4,104 shares of the company’s stock worth $87,000 after acquiring an additional 1,185 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Core Investment Grade ETF by 17.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 132,664 shares of the company’s stock worth $2,816,000 after acquiring an additional 19,546 shares during the period. Tucker Asset Management LLC grew its stake in shares of First Trust Core Investment Grade ETF by 57.0% during the 4th quarter. Tucker Asset Management LLC now owns 17,492 shares of the company’s stock worth $371,000 after acquiring an additional 6,354 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Core Investment Grade ETF by 19.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,221,191 shares of the company’s stock worth $25,926,000 after acquiring an additional 199,356 shares during the period.

First Trust Core Investment Grade ETF Trading Up 0.6%

FTCB stock opened at $20.75 on Thursday. First Trust Core Investment Grade ETF has a fifty-two week low of $20.32 and a fifty-two week high of $21.87. The stock has a fifty day moving average of $20.97 and a 200-day moving average of $21.18.

First Trust Core Investment Grade ETF Profile

The First Trust Core Investment Grade ETF (FTCB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides broad exposure to investment-grade debt securities of various maturities from around the world, including emerging markets. FTCB was launched on Nov 7, 2023 and is issued by First Trust.