NewEdge Advisors LLC Has $6.11 Million Stock Position in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

NewEdge Advisors LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 139.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294,545 shares of the company’s stock after purchasing an additional 171,619 shares during the period. NewEdge Advisors LLC owned 0.92% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $6,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FIIG. LPL Financial LLC increased 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 purchasing an additional 609,714 shares during the last quarter. Morgan Stanley lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 6.7% in the fourth quarter. Morgan Stanley now owns 2,482,467 shares of the company’s stock valued at $52,628,000 after buying an additional 156,715 shares during the period. Commonwealth Equity Services LLC boosted its holdings in 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 last quarter. Cetera Investment Advisers boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the first quarter. Cetera Investment Advisers now owns 1,729,781 shares of the company’s stock worth $35,893,000 after buying an additional 24,855 shares during the last quarter. Finally, Manchester Financial Inc. boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.5% during the first quarter. Manchester Financial Inc. now owns 1,068,062 shares of the company’s stock worth $22,162,000 after buying an additional 110,570 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $20.39 on Friday. The business has a 50-day moving average of $20.63 and a 200-day moving average of $20.85. First Trust Intermediate Duration Investment Grade Corporate ETF has a 1 year low of $20.30 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.