Janney Montgomery Scott LLC Boosts Stake in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Janney Montgomery Scott LLC raised its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 14.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 210,854 shares of the company’s stock after acquiring an additional 27,130 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $4,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FIIG. JPMorgan Chase & Co. bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter valued at about $2,099,000. First Trust Advisors LP increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 2.5% in the second quarter. First Trust Advisors LP now owns 234,798 shares of the company’s stock worth $4,926,000 after purchasing an additional 5,793 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 191.6% in the second quarter. NewEdge Advisors LLC now owns 81,238 shares of the company’s stock worth $1,704,000 after purchasing an additional 53,380 shares during the last quarter. Betterment LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at approximately $287,000. Finally, Jane Street Group LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the second quarter valued at approximately $1,033,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG stock opened at $20.75 on Monday. First Trust Intermediate Duration Investment Grade Corporate ETF has a one year low of $20.43 and a one year high of $21.49. The firm has a 50 day simple moving average of $20.72 and a two-hundred day simple moving average of $20.93.

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.