Royal Bank of Canada Increases Stake in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Royal Bank of Canada raised its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 115.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,350 shares of the company’s stock after buying an additional 28,076 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $1,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIIG. Gateway Wealth Partners LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 126.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 167,614 shares of the company’s stock worth $3,478,000 after purchasing an additional 93,623 shares in the last quarter. Everest Financial Group LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the first quarter valued at approximately $934,000. Cetera Investment Advisers increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the first quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock valued at $35,893,000 after purchasing an additional 24,855 shares during the last quarter. First Trust Advisors LP lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 34.2% during the first quarter. First Trust Advisors LP now owns 462,533 shares of the company’s stock worth $9,598,000 after buying an additional 117,894 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 13.7% during the first 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 Stock Down 0.6%

Shares of FIIG opened at $20.33 on Friday. 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 stock has a fifty day simple moving average of $20.56 and a two-hundred day simple moving average of $20.77.

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.