NewEdge Advisors LLC Boosts Stock Position in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

NewEdge Advisors LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 197.7% during the first quarter, Holdings Channel.com reports. The firm owned 366,000 shares of the company’s stock after acquiring an additional 243,074 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $7,594,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of FIIG. Commonwealth Equity Services LLC grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock worth $44,472,000 after buying an additional 1,644,507 shares in the last quarter. LPL Financial LLC raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% during the 4th quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock valued at $93,502,000 after buying an additional 609,714 shares in the last quarter. Manchester Financial Inc. lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% in the 4th quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after acquiring an additional 373,627 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock valued at $14,222,000 after acquiring an additional 358,716 shares during the last quarter. Finally, Stephens Inc. AR grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% in the first quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock worth $15,804,000 after acquiring an additional 339,533 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FIIG opened at $20.40 on Tuesday. The business’s 50 day moving average is $20.60 and its two-hundred day moving average is $20.81. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $20.30 and a 1-year high of $21.49.

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.