Park Avenue Securities LLC Purchases 84,685 Shares of First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Park Avenue Securities LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 84,685 shares of the company’s stock, valued at approximately $1,662,000. Park Avenue Securities LLC owned about 0.27% of First Trust Intermediate Duration Investment Grade Corporate ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HBW Advisory Services LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.5% during the first quarter. HBW Advisory Services LLC now owns 25,191 shares of the company’s stock worth $523,000 after purchasing an additional 1,759 shares during the last quarter. World Investment Advisors grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% in the first quarter. World Investment Advisors now owns 17,888 shares of the company’s stock valued at $371,000 after acquiring an additional 1,838 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 54,111 shares of the company’s stock worth $1,121,000 after acquiring an additional 2,897 shares in the last quarter. BlueChip Wealth Advisors LLC raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 20.0% during the first quarter. BlueChip Wealth Advisors LLC now owns 21,289 shares of the company’s stock worth $442,000 after acquiring an additional 3,541 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.3% during the first quarter. Sanctuary Advisors LLC now owns 79,241 shares of the company’s stock worth $1,644,000 after acquiring an additional 3,970 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG stock opened at $20.02 on Monday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $19.52 and a 12 month high of $21.38. The firm has a 50-day moving average price of $20.00 and a 200-day moving average price of $20.60.

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.