First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Reaches New 12-Month Low – Here’s Why

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $18.77 and last traded at $18.78, with a volume of 41365 shares. The stock had previously closed at $18.87.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The stock has a 50-day simple moving average of $18.89 and a 200-day simple moving average of $19.02.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors have recently added to or reduced their stakes in FSIG. LPL Financial LLC raised its holdings 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 worth $147,402,000 after purchasing an additional 618,781 shares during the period. Morgan Stanley boosted its holdings in shares of 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 valued at $220,229,000 after buying an additional 463,049 shares during the period. First Trust Advisors LP grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% during the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after buying an additional 400,983 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after buying an additional 356,423 shares during the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter valued at about $4,989,000.

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.