Truist Financial Corp Buys 45,111 Shares of First Trust Limited Duration Investment Grade Corporate ETF $FSIG

Truist Financial Corp raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 919,250 shares of the company’s stock after purchasing an additional 45,111 shares during the period. Truist Financial Corp’s holdings in First Trust Limited Duration Investment Grade Corporate ETF were worth $17,659,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in FSIG. Envestnet Asset Management Inc. boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 19.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,636,675 shares of the company’s stock worth $31,293,000 after purchasing an additional 268,573 shares during the period. Csenge Advisory Group lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 9.8% during the 3rd quarter. Csenge Advisory Group now owns 1,997,699 shares of the company’s stock valued at $38,376,000 after buying an additional 179,086 shares in the last quarter. First Trust Advisors LP boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 12.2% in the 2nd quarter. First Trust Advisors LP now owns 2,549,886 shares of the company’s stock worth $48,754,000 after buying an additional 276,392 shares during the period. Concurrent Investment Advisors LLC increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 6.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 128,114 shares of the company’s stock worth $2,450,000 after buying an additional 7,446 shares in the last quarter. Finally, Prospera Financial Services Inc raised its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 6.8% during the second quarter. Prospera Financial Services Inc now owns 47,402 shares of the company’s stock valued at $906,000 after acquiring an additional 3,031 shares during the period.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FSIG opened at $19.16 on Friday. First Trust Limited Duration Investment Grade Corporate ETF has a 12-month low of $18.70 and a 12-month high of $19.33. The stock has a 50-day moving average price of $19.18 and a 200 day moving average price of $19.19.

First Trust Limited Duration Investment Grade Corporate ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.0725 dividend. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.