First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Hits New 52-Week Low – Should You Sell?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $18.80 and last traded at $18.80, with a volume of 262554 shares. The stock had previously closed at $18.84.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The stock’s 50-day moving average price is $18.90 and its 200-day moving average price is $19.02.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of large investors have recently bought and sold shares of the business. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter valued at approximately $36,000. Western Wealth Management LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter worth approximately $41,000. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after purchasing an additional 1,169 shares during the last quarter. Triumph Capital Management acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at approximately $91,000. Finally, Advisory Services Network LLC acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at approximately $143,000.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.