Independent Financial Group LLC Makes New $2.66 Million Investment in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Independent Financial Group LLC purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the first quarter, Holdings Channel reports. The institutional investor purchased 128,019 shares of the company’s stock, valued at approximately $2,656,000.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 362.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,097,756 shares of the company’s stock worth $44,472,000 after buying an additional 1,644,507 shares during the period. LPL Financial LLC lifted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% in the fourth quarter. LPL Financial LLC now owns 4,410,462 shares of the company’s stock valued at $93,502,000 after buying an additional 609,714 shares during the period. Manchester Financial Inc. boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 64.0% during the fourth quarter. Manchester Financial Inc. now owns 957,492 shares of the company’s stock valued at $20,299,000 after acquiring an additional 373,627 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock worth $14,222,000 after acquiring an additional 358,716 shares during the period. Finally, Stephens Inc. AR grew its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 80.4% during the 1st quarter. Stephens Inc. AR now owns 761,660 shares of the company’s stock worth $15,804,000 after acquiring an additional 339,533 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA:FIIG opened at $20.61 on Friday. The business’s 50-day moving average is $20.68 and its 200-day moving average is $20.90. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $20.43 and a 1 year high of $21.49.

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.