Major Investor Details Net Sale of Shares, Maintains 54.1% Stake

summarizeSummary

Sit Investment Associates, a major shareholder, detailed recent trading activity, including net sales and a significant purchase, maintaining its 54.1% ownership.

check_boxKey Events

• Detailed Transaction Schedule Filed

  Sit Investment Associates, a 54.1% owner, filed Amendment No. 34 to its Schedule 13D, providing a detailed schedule of transactions in the last 60 days.

• Net Reduction in Shares

  Over the 60-day period, the investor executed multiple sales totaling 71,920 shares and a purchase of 53,421 shares, resulting in a net reduction of 18,499 shares.

• Significant Purchase on Last Day

  The filing notably includes a purchase of 53,421 shares at $11.74 on March 11, 2026, the same day as the last reported sale.

• Ownership Percentage Maintained

  Despite the trading activity, Sit Investment Associates continues to beneficially own 2,278,607 shares, representing 54.1% of the Issuer's outstanding Common Stock.

auto_awesomeAnalysis

Sit Investment Associates, a significant institutional investor holding over 54% of First Trust Mortgage Income Fund, filed an amendment detailing recent trading activity. This filing provides a granular schedule of transactions over the last 60 days, showing multiple sales totaling 71,920 shares and a notable purchase of 53,421 shares on March 11, 2026. While the net effect is a reduction of 18,499 shares, the detailed breakdown offers further insight into the investor's ongoing portfolio adjustments. This activity, occurring as the stock trades near its 52-week low, could be interpreted as a cautious signal from a major holder, despite the recent buy.