First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sets New 12-Month Low – What’s Next?

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

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The business’s 50 day simple moving average is $18.90 and its two-hundred day simple moving average is $19.03.

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. Morgan Stanley increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% in the 4th quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock worth $220,229,000 after purchasing an additional 463,049 shares in the last quarter. LPL Financial LLC boosted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the fourth quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after purchasing an additional 618,781 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.1% during the fourth quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock valued at $65,764,000 after purchasing an additional 70,888 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% during the first quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock worth $61,988,000 after purchasing an additional 400,983 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.8% during the third quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock worth $46,021,000 after purchasing an additional 172,385 shares during the last quarter.

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.