NewEdge Advisors LLC Grows Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

NewEdge Advisors LLC raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 197.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 366,000 shares of the company’s stock after purchasing an additional 243,074 shares during the quarter. NewEdge Advisors LLC owned 1.14% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $7,594,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Aptus Capital Advisors LLC bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter valued at $32,000. Advisory Services Network LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter worth $61,000. Roxbury Financial LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter valued at about $62,000. Private Trust Co. NA boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 406.3% during the 4th quarter. Private Trust Co. NA now owns 4,025 shares of the company’s stock valued at $85,000 after purchasing an additional 3,230 shares during the last quarter. Finally, Evolution Wealth Management Inc. grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% during the first quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock valued at $106,000 after purchasing an additional 696 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $20.40 on Tuesday. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $20.30 and a twelve month high of $21.49. The business has a 50-day moving average price of $20.60 and a 200-day moving average price of $20.81.

First Trust Intermediate Duration Investment Grade Corporate ETF 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.