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) saw strong trading volume on Tuesday . 496,728 shares changed hands during trading, an increase of 39% from the previous session’s volume of 356,441 shares.The stock last traded at $18.80 and had previously closed at $18.86.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The company’s 50-day moving average price is $18.92 and its 200-day moving average price is $19.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FSIG. WCG Wealth Advisors LLC raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 5.0% in the 2nd quarter. WCG Wealth Advisors LLC now owns 15,696 shares of the company’s stock valued at $294,000 after purchasing an additional 750 shares in the last quarter. Darwin Wealth Management LLC lifted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 1.8% in the third quarter. Darwin Wealth Management LLC now owns 44,771 shares of the company’s stock worth $860,000 after acquiring an additional 771 shares during the last quarter. Pinnacle Bancorp Inc. grew its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 95.8% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,206 shares of the company’s stock worth $62,000 after acquiring an additional 1,569 shares in the last quarter. Private Trust Co. NA increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the 3rd quarter. Private Trust Co. NA now owns 31,626 shares of the company’s stock valued at $607,000 after purchasing an additional 2,281 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 9.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 34,758 shares of the company’s stock valued at $667,000 after purchasing an additional 3,019 shares in the last quarter.

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.