First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Strong Trading Volume – Should You Buy?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw an uptick in trading volume on Monday . 658,288 shares changed hands during mid-day trading, an increase of 395% from the previous session’s volume of 132,911 shares.The stock last traded at $19.1950 and had previously closed at $19.18.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The firm has a fifty day moving average of $19.19 and a 200 day moving average of $19.19.

First Trust Limited Duration Investment Grade Corporate ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a $0.0725 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Key Financial Inc purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF during the second quarter worth about $29,000. CWM LLC increased its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 95.4% during the 2nd quarter. CWM LLC now owns 1,903 shares of the company’s stock worth $36,000 after buying an additional 929 shares during the last quarter. Geneos Wealth Management Inc. raised 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 buying an additional 1,169 shares during the period. Ameriflex Group Inc. raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 38.4% during the 2nd quarter. Ameriflex Group Inc. now owns 3,796 shares of the company’s stock valued at $73,000 after buying an additional 1,054 shares during the period. Finally, Triumph Capital Management acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF in the third quarter valued at approximately $91,000.

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.