Apollon Wealth Management LLC Has $390,000 Position in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Apollon Wealth Management LLC lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 10.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,603 shares of the company’s stock after purchasing an additional 1,712 shares during the quarter. Apollon Wealth Management LLC owned 0.08% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIIG. Envestnet Asset Management Inc. raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,386,967 shares of the company’s stock valued at $28,780,000 after acquiring an additional 20,308 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 128,139 shares of the company’s stock valued at $2,659,000 after purchasing an additional 16,666 shares in the last quarter. Comerica Bank increased its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 37.0% during the 1st quarter. Comerica Bank now owns 6,754 shares of the company’s stock valued at $140,000 after purchasing an additional 1,823 shares in the last quarter. Independent Wealth Network Inc. grew its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 12.4% during the second quarter. Independent Wealth Network Inc. now owns 13,332 shares of the company’s stock worth $280,000 after purchasing an additional 1,474 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.3% during the first quarter. IFP Advisors Inc now owns 95,544 shares of the company’s stock worth $1,983,000 after purchasing an additional 13,379 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of FIIG stock opened at $21.45 on Friday. The stock’s fifty day moving average is $21.22 and its 200-day moving average is $20.88. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $19.96 and a 52 week high of $21.47.

First Trust Intermediate Duration Investment Grade Corporate ETF 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.