First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG Stake Increased by Manchester Financial Inc.

Manchester Financial Inc. raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 64.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 957,492 shares of the company’s stock after purchasing an additional 373,627 shares during the period. First Trust Intermediate Duration Investment Grade Corporate ETF makes up 3.8% of Manchester Financial Inc.’s portfolio, making the stock its 7th biggest position. Manchester Financial Inc.’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $20,299,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth about $61,000. Allworth Financial LP purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth about $64,000. Private Trust Co. NA raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% in the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock worth $85,000 after purchasing an additional 3,230 shares during the period. Balboa Wealth Partners purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter worth about $214,000. Finally, Milestones Private Investment Advisors LLC raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.7% in the 4th quarter. Milestones Private Investment Advisors LLC now owns 11,505 shares of the company’s stock worth $244,000 after purchasing an additional 1,208 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $20.75 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $20.43 and a 1-year high of $21.49. The company’s 50-day moving average is $20.77 and its 200 day moving average is $20.99.

First Trust Intermediate Duration Investment Grade Corporate ETF Company 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.