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

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw an uptick in trading volume on Wednesday. 1,337,519 shares changed hands during mid-day trading, an increase of 242% from the previous session’s volume of 390,773 shares. The stock last traded at $18.4150 and had previously closed at $18.42.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The firm has a 50-day moving average of $18.68 and a two-hundred day moving average of $18.83.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of 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 worth $147,402,000 after purchasing an additional 618,781 shares in the last quarter. First Trust Advisors LP raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after buying an additional 400,983 shares in the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.7% in the 1st quarter. Royal Bank of Canada now owns 2,043,299 shares of the company’s stock valued at $38,701,000 after buying an additional 54,351 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 0.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,972,353 shares of the company’s stock worth $37,189,000 after acquiring an additional 7,017 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 869,667 shares of the company’s stock worth $16,471,000 after acquiring an additional 24,395 shares during the period.

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.