Envestnet Asset Management Inc. Buys 196,128 Shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Envestnet Asset Management Inc. increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,046,945 shares of the company’s stock after purchasing an additional 196,128 shares during the period. Envestnet Asset Management Inc. owned approximately 13.51% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $21,389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FIIG. Benjamin Edwards Inc. acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the first quarter worth about $29,000. Concourse Financial Group Securities Inc. boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.6% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 16,827 shares of the company’s stock worth $345,000 after acquiring an additional 1,745 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 42.0% during the 1st quarter. Advisory Alpha LLC now owns 16,253 shares of the company’s stock worth $334,000 after acquiring an additional 4,809 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at approximately $117,000. Finally, FSB Premier Wealth Management Inc. bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter worth $203,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $21.49 on Monday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1-year low of $18.99 and a 1-year high of $21.57. The company has a fifty day simple moving average of $21.08 and a 200 day simple moving average of $20.65.

First Trust Intermediate Duration Investment Grade Corporate ETF Company 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.