First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Hits New 52-Week Low – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $18.57 and last traded at $18.57, with a volume of 398398 shares changing hands. The stock had previously closed at $18.61.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The stock has a 50-day simple moving average of $18.78 and a two-hundred day simple moving average of $18.89.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of large investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC grew its stake in shares of 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 worth $3,953,000 after acquiring an additional 14,523 shares during the last quarter. RFG Advisory LLC grew its position in First Trust Limited Duration Investment Grade Corporate ETF by 29.1% during the second quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock valued at $3,324,000 after buying an additional 39,739 shares during the period. Citadel Advisors LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at $10,607,000. Guardian Wealth Advisors LLC NC grew its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 139.2% during the second quarter. Guardian Wealth Advisors LLC NC now owns 40,060 shares of the company’s stock valued at $755,000 after purchasing an additional 23,310 shares during the period. Finally, Kintra Wealth LLC bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at approximately $6,493,000.

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.