First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Unusually-High Trading Volume – Still a Buy?

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw unusually-high trading volume on Wednesday. 1,337,519 shares changed hands during mid-day trading, an increase of 242% from the previous session’s volume of 390,773 shares. The stock last traded at $18.4150 and had previously closed at $18.42.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The company has a 50-day simple moving average of $18.68 and a 200-day simple moving average of $18.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Private Client Services LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the third quarter valued at $261,000. Envestnet Asset Management Inc. raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 0.4% during the second quarter. Envestnet Asset Management Inc. now owns 1,972,353 shares of the company’s stock worth $37,189,000 after buying an additional 7,017 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 7.4% in the second quarter. Integrated Wealth Concepts LLC now owns 209,657 shares of the company’s stock valued at $3,953,000 after buying an additional 14,523 shares during the period. RFG Advisory LLC boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 29.1% in the second quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock valued at $3,324,000 after acquiring an additional 39,739 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $10,607,000.

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.