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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw strong trading volume on Monday . Approximately 760,222 shares were traded during trading, an increase of 93% from the previous session’s volume of 393,827 shares.The stock last traded at $18.90 and had previously closed at $18.91.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The company’s 50 day moving average is $18.93 and its 200 day moving average is $19.05.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at $36,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at about $41,000. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after buying an additional 1,169 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the third quarter worth about $91,000. Finally, Advisory Services Network LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the 3rd quarter worth approximately $143,000.

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.