First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Strong Trading Volume – Still a Buy?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares saw unusually-high trading volume on Monday . Approximately 658,288 shares changed hands during trading, an increase of 395% from the previous session’s volume of 132,911 shares.The stock last traded at $19.1950 and had previously closed at $19.18.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $19.20 and a two-hundred day simple moving average of $19.18.

First Trust Limited Duration Investment Grade Corporate ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a dividend of $0.0725 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 10.5% during the first quarter. Royal Bank of Canada now owns 1,933,444 shares of the company’s stock worth $36,619,000 after purchasing an additional 182,964 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in First Trust Limited Duration Investment Grade Corporate ETF during the first quarter worth about $1,366,000. Ashton Thomas Private Wealth LLC grew its stake in First Trust Limited Duration Investment Grade Corporate ETF by 14.8% in the first quarter. Ashton Thomas Private Wealth LLC now owns 38,892 shares of the company’s stock valued at $737,000 after acquiring an additional 5,011 shares during the period. Jane Street Group LLC increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 90.4% in the first quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock worth $5,338,000 after acquiring an additional 133,784 shares in the last quarter. Finally, Balefire LLC acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter worth about $1,106,000.

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.