First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Reaches New 12-Month Low – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.71 and last traded at $18.7150, with a volume of 17553 shares trading hands. The stock had previously closed at $18.73.

First Trust Limited Duration Investment Grade Corporate ETF Trading Down 0.4%

The firm’s 50 day simple moving average is $18.80 and its 200-day simple moving average is $18.91.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of institutional investors have recently added to or reduced their stakes in FSIG. Godfrey Financial Associates Inc. purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at $36,000. Western Wealth Management LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 1st quarter worth $41,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock worth $55,000 after acquiring an additional 1,169 shares during the period. Compass Financial Management LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at about $62,000. Finally, Triumph Capital Management acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $91,000.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.