First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Volume Increase – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares saw unusually-high trading volume on Wednesday . Approximately 213,686 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 367,448 shares.The stock last traded at $19.08 and had previously closed at $19.04.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The stock’s 50 day simple moving average is $19.15 and its 200-day simple moving average is $18.89.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Several large investors have recently added to or reduced their stakes in the business. Guardian Wealth Advisors LLC NC boosted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 21.0% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 54,750 shares of the company’s stock valued at $1,038,000 after buying an additional 9,500 shares during the period. Beacon Financial Group increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 180.9% during the fourth quarter. Beacon Financial Group now owns 70,685 shares of the company’s stock worth $1,340,000 after buying an additional 45,523 shares during the period. EWG Elevate Inc. increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5.6% during the first quarter. EWG Elevate Inc. now owns 178,667 shares of the company’s stock worth $3,354,000 after buying an additional 9,455 shares during the period. Park Avenue Securities LLC increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 4.5% during the first quarter. Park Avenue Securities LLC now owns 91,551 shares of the company’s stock worth $1,718,000 after buying an additional 3,942 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at $31,000.

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.