Sit Investment Associates Reduces FMY Stake, FMY Performance Metrics Reveal Challenges

Sit Investment Associates Inc reduced its stake in the First Trust Mortgage Income Fund (FMY) by 60,413 shares, marking a -2.71% change in its position. The transaction was executed at $12.27 per share, resulting in a total holding of 2,170,530 shares. FMY has a market capitalization of $51.484 million and a stock price of $12.22, with a year-to-date price change of 3.21% and a price decline of -38.9% since its IPO. The reduction had a minimal impact of -0.02% on Sit Investment Associates' overall portfolio.