Sanctuary Advisors LLC Increases Stock Position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Sanctuary Advisors LLC increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 565.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,286 shares of the company’s stock after purchasing an additional 57,168 shares during the period. Sanctuary Advisors LLC owned 0.87% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $1,389,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Concourse Financial Group Securities Inc. boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.6% during the second quarter. Concourse Financial Group Securities Inc. now owns 16,827 shares of the company’s stock worth $345,000 after buying an additional 1,745 shares during the period. Bank of New York Mellon Corp increased its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 14.5% during the second quarter. Bank of New York Mellon Corp now owns 195,791 shares of the company’s stock worth $4,000,000 after acquiring an additional 24,784 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 26.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 446,017 shares of the company’s stock worth $9,112,000 after purchasing an additional 92,008 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at about $117,000. Finally, Commonwealth Equity Services LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 3.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 279,105 shares of the company’s stock valued at $5,702,000 after purchasing an additional 10,316 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of FIIG stock opened at $20.54 on Friday. The stock has a 50 day simple moving average of $20.85 and a 200-day simple moving average of $20.92. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $19.91 and a 12-month high of $21.60.

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.