Mutual Advisors LLC Trims Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Mutual Advisors LLC trimmed its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 69.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,133 shares of the company’s stock after selling 125,149 shares during the period. Mutual Advisors LLC’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $1,190,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FIIG. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% in the 4th quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock valued at $14,222,000 after acquiring an additional 358,716 shares during the period. HighTower Advisors LLC raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 70.3% in the 3rd quarter. HighTower Advisors LLC now owns 325,134 shares of the company’s stock valued at $6,903,000 after acquiring an additional 134,233 shares during the period. JPMorgan Chase & Co. acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at approximately $2,099,000. Commonwealth Equity Services LLC raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 21.0% in the third quarter. Commonwealth Equity Services LLC now owns 453,249 shares of the company’s stock valued at $9,622,000 after acquiring an additional 78,639 shares in the last quarter. Finally, TCP Asset Management LLC raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% in the fourth quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock valued at $20,208,000 after acquiring an additional 62,186 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.3%

Shares of NYSEARCA:FIIG opened at $20.74 on Tuesday. The firm’s 50 day moving average price is $20.91 and its 200 day moving average price is $21.11. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $20.30 and a fifty-two week high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF 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.