Mutual Advisors LLC Reduces Stock Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Mutual Advisors LLC lowered its position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 69.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,133 shares of the company’s stock after selling 125,149 shares during the quarter. Mutual Advisors LLC owned about 0.18% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $1,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 1,450,474 shares of the company’s stock valued at $30,794,000 after purchasing an additional 43,118 shares during the period. TCP Asset Management LLC lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% in the fourth quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock valued at $20,208,000 after buying an additional 62,186 shares during the last quarter. Per Stirling Capital Management LLC. lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% in the third quarter. Per Stirling Capital Management LLC. now owns 716,552 shares of the company’s stock valued at $15,212,000 after buying an additional 38,690 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% in the fourth quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock valued at $14,222,000 after buying an additional 358,716 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 21.0% during the third quarter. Commonwealth Equity Services LLC now owns 453,249 shares of the company’s stock valued at $9,622,000 after acquiring an additional 78,639 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $20.74 on Tuesday. The company’s 50 day simple moving average is $20.91 and its 200-day simple moving average is $21.11. 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.