First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Strong Trading Volume – Here’s What Happened

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares saw strong trading volume on Tuesday . 1,647,868 shares were traded during mid-day trading, an increase of 273% from the previous session’s volume of 441,746 shares.The stock last traded at $18.91 and had previously closed at $18.96.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.2%

The firm has a 50 day moving average price of $19.09 and a two-hundred day moving average price of $19.17.

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

Several hedge funds and other institutional investors have recently modified their holdings of FSIG. Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at about $36,000. 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 valued at $55,000 after buying an additional 1,169 shares during the period. Triumph Capital Management purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $91,000. Advisory Services Network LLC purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter valued at about $143,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5,283.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,806 shares of the company’s stock valued at $150,000 after buying an additional 7,661 shares during the period.

About First Trust Limited Duration Investment Grade Corporate ETF

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.