Gateway Wealth Partners LLC Raises Stock Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Gateway Wealth Partners LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 126.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,614 shares of the company’s stock after purchasing an additional 93,623 shares during the quarter. Gateway Wealth Partners LLC owned about 0.52% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $3,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% in the fourth quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock worth $93,502,000 after purchasing an additional 609,714 shares in the last quarter. Morgan Stanley boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 6.7% in the 4th quarter. Morgan Stanley now owns 2,482,467 shares of the company’s stock valued at $52,628,000 after buying an additional 156,715 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock worth $44,472,000 after buying an additional 1,644,507 shares during the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the 1st quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock worth $35,893,000 after buying an additional 24,855 shares during the last quarter. Finally, Manchester Financial Inc. grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% in the 1st quarter. Manchester Financial Inc. now owns 1,068,062 shares of the company’s stock worth $22,162,000 after buying an additional 110,570 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Up 0.3%

NYSEARCA FIIG opened at $20.42 on Tuesday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.30 and a 52 week high of $21.49. The company has a 50 day moving average price of $20.64 and a 200 day moving average price of $20.86.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.