Envestnet Portfolio Solutions Inc. Sells 58,183 Shares of First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Envestnet Portfolio Solutions Inc. cut its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 51.7% during the 2nd quarter, Holdings Channel reports. The firm owned 54,323 shares of the company’s stock after selling 58,183 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% during the second quarter. CWM LLC now owns 1,623 shares of the company’s stock worth $34,000 after purchasing an additional 1,432 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 29.5% during the first quarter. Raleigh Capital Management Inc. now owns 2,909 shares of the company’s stock worth $60,000 after purchasing an additional 663 shares during the period. Rossby Financial LCC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the first quarter worth approximately $94,000. Ameritas Advisory Services LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the second quarter worth approximately $127,000. Finally, Comerica Bank increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 37.0% during the first quarter. Comerica Bank now owns 6,754 shares of the company’s stock worth $140,000 after purchasing an additional 1,823 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.1%

Shares of FIIG opened at $21.45 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $19.96 and a 12 month high of $21.47. The firm’s 50 day moving average is $21.22 and its 200-day moving average is $20.88.

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.