First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG Shares Purchased by Royal Bank of Canada

Royal Bank of Canada increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 115.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,350 shares of the company’s stock after acquiring an additional 28,076 shares during the quarter. Royal Bank of Canada owned approximately 0.16% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $1,086,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FIIG. Northeast Planning Associates INC. NH grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 14.4% in the fourth quarter. Northeast Planning Associates INC. NH now owns 385,440 shares of the company’s stock valued at $8,171,000 after purchasing an additional 48,600 shares during the period. Kingsview Wealth Management LLC raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 157.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 145,239 shares of the company’s stock worth $3,079,000 after purchasing an additional 88,742 shares during the last quarter. Manchester Financial Inc. lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% in the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after buying an additional 373,627 shares in the last quarter. Independent Financial Group LLC purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 1st quarter valued at about $2,656,000. Finally, Assetmark Inc. boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 13.7% in the 1st quarter. Assetmark Inc. now owns 238,285 shares of the company’s stock worth $4,944,000 after buying an additional 28,701 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Down 0.6%

FIIG stock opened at $20.33 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $20.30 and a 12-month high of $21.49. The business’s 50-day moving average is $20.56 and its 200 day moving average is $20.77.

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.