First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Unusually-High Trading Volume – Here’s Why

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw an uptick in trading volume on Tuesday . 1,647,868 shares changed hands during trading, an increase of 273% from the previous session’s volume of 441,746 shares.The stock last traded at $18.91 and had previously closed at $18.96.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The business has a 50-day moving average of $19.08 and a two-hundred day moving average of $19.16.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,763,472 shares of the company’s stock valued at $33,876,000 after buying an additional 126,797 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 20.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 326,266 shares of the company’s stock valued at $6,258,000 after buying an additional 54,357 shares during the last quarter. Csenge Advisory Group grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 9.8% in the 3rd quarter. Csenge Advisory Group now owns 1,997,699 shares of the company’s stock valued at $38,376,000 after buying an additional 179,086 shares during the last quarter. Assetmark Inc. lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.6% in the 3rd quarter. Assetmark Inc. now owns 538,616 shares of the company’s stock valued at $10,347,000 after purchasing an additional 38,099 shares during the period. Finally, IFG Advisory LLC lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 207.8% in the 3rd quarter. IFG Advisory LLC now owns 228,615 shares of the company’s stock valued at $4,392,000 after purchasing an additional 154,336 shares during the period.

About First Trust Limited Duration Investment Grade Corporate ETF

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.