First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sets New 1-Year Low – Should You Sell?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $18.71 and last traded at $18.7150, with a volume of 17553 shares changing hands. The stock had previously closed at $18.73.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The stock’s 50-day moving average price is $18.81 and its two-hundred day moving average price is $18.92.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

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