First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Reaches New 12-Month Low – Here’s What Happened

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.80 and last traded at $18.81, with a volume of 116065 shares trading hands. The stock had previously closed at $18.83.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The business’s fifty day moving average price is $18.91 and its 200 day moving average price is $19.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FSIG. World Investment Advisors grew its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 3.2% during the 1st quarter. World Investment Advisors now owns 18,089 shares of the company’s stock worth $343,000 after buying an additional 567 shares during the period. Sanctuary Advisors LLC increased its stake 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 valued at $492,000 after acquiring an additional 770 shares in the last quarter. Acorn Wealth Advisors LLC lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5.7% during the 4th quarter. Acorn Wealth Advisors LLC now owns 15,299 shares of the company’s stock valued at $294,000 after acquiring an additional 824 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after acquiring an additional 1,169 shares during the period. Finally, Milestones Private Investment Advisors LLC boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 10.5% during the fourth quarter. Milestones Private Investment Advisors LLC now owns 12,539 shares of the company’s stock worth $241,000 after acquiring an additional 1,193 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.