Park Avenue Securities LLC Purchases Shares of 54,781 First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Park Avenue Securities LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 54,781 shares of the company’s stock, valued at approximately $1,171,000. Park Avenue Securities LLC owned 0.71% of First Trust Intermediate Duration Investment Grade Corporate ETF as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 23.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,046,945 shares of the company’s stock worth $21,389,000 after buying an additional 196,128 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 26.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 446,017 shares of the company’s stock valued at $9,112,000 after purchasing an additional 92,008 shares during the period. Commonwealth Equity Services LLC grew its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 279,105 shares of the company’s stock worth $5,702,000 after purchasing an additional 10,316 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the fourth quarter worth approximately $5,818,000. Finally, Truist Financial Corp raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 54.8% in the second quarter. Truist Financial Corp now owns 224,331 shares of the company’s stock valued at $4,583,000 after buying an additional 79,395 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FIIG opened at $21.16 on Wednesday. The business’s 50 day simple moving average is $21.24 and its 200 day simple moving average is $20.72. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $18.99 and a 1 year high of $21.60.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.