First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Hits New 1-Year Low – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $18.71 and last traded at $18.71, with a volume of 224175 shares changing hands. The stock had previously closed at $18.76.

First Trust Limited Duration Investment Grade Corporate ETF Trading Down 0.2%

The stock has a 50-day moving average price of $18.83 and a two-hundred day moving average price of $18.94.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSIG. LPL Financial LLC grew its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after buying an additional 618,781 shares in the last quarter. Morgan Stanley raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 4.2% during the 4th quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock worth $220,229,000 after acquiring an additional 463,049 shares in the last quarter. First Trust Advisors LP boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% during the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after acquiring an additional 400,983 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after acquiring an additional 356,423 shares during the last quarter. Finally, Kintra Wealth LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at $6,493,000.

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.