First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Volume Increase – Still a Buy?

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIGGet Free Report) saw an uptick in trading volume on Tuesday . Approximately 1,470,339 shares changed hands during trading, an increase of 249% from the previous session’s volume of 421,030 shares.The stock last traded at $18.83 and had previously closed at $18.89.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The company’s 50 day moving average is $18.91 and its 200 day moving average is $19.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MGO One Seven LLC bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at approximately $4,989,000. RiverTree Advisors LLC acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter worth about $694,000. Northwestern Mutual Wealth Management Co. raised its holdings in 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 worth $6,843,000 after purchasing an additional 356,423 shares during the last quarter. Benjamin Edwards Inc. raised its stake in First Trust Limited Duration Investment Grade Corporate ETF by 33.2% during the fourth quarter. Benjamin Edwards Inc. now owns 263,051 shares of the company’s stock worth $5,049,000 after buying an additional 65,634 shares during the last quarter. Finally, TrueWealth Financial Partners bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter worth about $870,000.

About First Trust Limited Duration Investment Grade Corporate ETF

(Get Free Report)

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.

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