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

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.71 and last traded at $18.7150, with a volume of 17553 shares traded. The stock had previously closed at $18.73.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The company has a 50 day simple moving average of $18.81 and a two-hundred day simple moving average of $18.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its holdings in 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 valued at $3,953,000 after purchasing an additional 14,523 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 29.1% during the 2nd quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock worth $3,324,000 after acquiring an additional 39,739 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $10,607,000. Guardian Wealth Advisors LLC NC boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 139.2% during the 2nd 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 during the period. Finally, Kintra Wealth LLC purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at $6,493,000.

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.