First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Unusually-High Trading Volume – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares saw unusually-high trading volume on Tuesday . Approximately 1,470,339 shares traded hands during mid-day trading, an increase of 249% from the previous session’s volume of 421,030 shares.The stock last traded at $18.83 and had previously closed at $18.89.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.1%

The business has a fifty day simple moving average of $18.91 and a two-hundred day simple moving average of $19.03.

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. MGO One Seven LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at about $4,989,000. RiverTree Advisors LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $694,000. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after purchasing an additional 356,423 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 33.2% in the fourth quarter. Benjamin Edwards Inc. now owns 263,051 shares of the company’s stock valued at $5,049,000 after purchasing an additional 65,634 shares in the last quarter. Finally, TrueWealth Financial Partners acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the fourth quarter valued at approximately $870,000.

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.