First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sets New 12-Month Low – What’s Next?

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) hit a new 52-week low during trading on Wednesday. The company traded as low as $18.55 and last traded at $18.5450, with a volume of 33975 shares traded. The stock had previously closed at $18.62.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The stock’s 50-day moving average price is $18.74 and its 200 day moving average price is $18.87.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,972,353 shares of the company’s stock valued at $37,189,000 after purchasing an additional 7,017 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 209,657 shares of the company’s stock worth $3,953,000 after buying an additional 14,523 shares in the last quarter. RFG Advisory LLC increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 29.1% during the second quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock valued at $3,324,000 after buying an additional 39,739 shares during the period. Citadel Advisors LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter valued at $10,607,000. Finally, Guardian Wealth Advisors LLC NC raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 139.2% in the second quarter. Guardian Wealth Advisors LLC NC now owns 40,060 shares of the company’s stock valued at $755,000 after acquiring an additional 23,310 shares in the last quarter.

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.