Manchester Financial Inc. Has $20.30 Million Stake in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Manchester Financial Inc. raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 64.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 957,492 shares of the company’s stock after purchasing an additional 373,627 shares during the period. First Trust Intermediate Duration Investment Grade Corporate ETF accounts for approximately 3.8% of Manchester Financial Inc.’s holdings, making the stock its 7th biggest position. Manchester Financial Inc. owned 3.13% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $20,299,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.0% during the 4th 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. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.1% during the 3rd 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 last quarter. TCP Asset Management LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.0% during the 4th quarter. TCP Asset Management LLC now owns 953,224 shares of the company’s stock valued at $20,208,000 after purchasing an additional 62,186 shares during the last quarter. Per Stirling Capital Management LLC. boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% during the 3rd quarter. Per Stirling Capital Management LLC. now owns 716,552 shares of the company’s stock valued at $15,212,000 after purchasing an additional 38,690 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 114.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 670,866 shares of the company’s stock valued at $14,222,000 after purchasing an additional 358,716 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG opened at $20.75 on Friday. The firm has a 50-day simple moving average of $20.77 and a two-hundred day simple moving average of $20.99. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $20.43 and a 52 week high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Profile

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.