First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Volume Increase – What’s Next?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw strong trading volume on Monday . 760,222 shares were traded during trading, an increase of 93% from the previous session’s volume of 393,827 shares.The stock last traded at $18.90 and had previously closed at $18.91.

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

The company has a fifty day moving average price of $18.92 and a 200-day moving average price of $19.05.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FSIG. Goldman Sachs Group Inc. purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 1st quarter worth approximately $1,366,000. Jane Street Group LLC grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 90.4% during the 1st quarter. Jane Street Group LLC now owns 281,857 shares of the company’s stock worth $5,338,000 after purchasing an additional 133,784 shares during the period. JPMorgan Chase & Co. grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 1,140.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,460 shares of the company’s stock worth $544,000 after purchasing an additional 26,165 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at approximately $678,000. Finally, Raymond James Financial Inc. increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 13.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,025,541 shares of the company’s stock valued at $19,608,000 after purchasing an additional 123,516 shares in the last quarter.

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.