First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw strong trading volume on Wednesday. Approximately 1,337,519 shares traded hands during trading, an increase of 242% from the previous session’s volume of 390,773 shares. The stock last traded at $18.4150 and had previously closed at $18.42.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The firm’s 50 day simple moving average is $18.67 and its two-hundred day simple moving average is $18.82.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of large investors have recently bought and sold shares of FSIG. World Investment Advisors boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 3.2% in the first quarter. World Investment Advisors now owns 18,089 shares of the company’s stock worth $343,000 after acquiring an additional 567 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 3.1% in the 1st quarter. Sanctuary Advisors LLC now owns 25,961 shares of the company’s stock worth $492,000 after purchasing an additional 770 shares during the last quarter. Sigma Planning Corp raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 3.1% in the 1st quarter. Sigma Planning Corp now owns 59,395 shares of the company’s stock worth $1,125,000 after purchasing an additional 1,789 shares during the last quarter. Sequent Planning LLC boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 3.7% in the 1st quarter. Sequent Planning LLC now owns 51,285 shares of the company’s stock worth $971,000 after purchasing an additional 1,808 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF during the 1st quarter valued at about $41,000.

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.