First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sets New 12-Month Low – What’s Next?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $18.80 and last traded at $18.80, with a volume of 262554 shares. The stock had previously closed at $18.84.

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

The company has a fifty day moving average of $18.90 and a 200 day moving average of $19.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FSIG. Dynamic Advisor Solutions LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter valued at $270,000. Pine Valley Investments Ltd Liability Co raised its stake in First Trust Limited Duration Investment Grade Corporate ETF by 40.8% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 23,690 shares of the company’s stock worth $449,000 after buying an additional 6,866 shares during the last quarter. Parallel Advisors LLC acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at $333,000. NewEdge Advisors LLC lifted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 2.2% in the first quarter. NewEdge Advisors LLC now owns 394,212 shares of the company’s stock valued at $7,466,000 after buying an additional 8,600 shares during the period. Finally, Western Wealth Management LLC acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at $41,000.

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.