First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Shares Cross Below 50-Day Moving Average – Time to Sell?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)’s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $18.53 and traded as low as $18.48. First Trust Limited Duration Investment Grade Corporate ETF shares last traded at $18.49, with a volume of 345,667 shares changing hands.

First Trust Limited Duration Investment Grade Corporate ETF Trading Down 0.4%

The firm’s fifty day simple moving average is $18.53 and its two-hundred day simple moving average is $18.84.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSIG. Western Wealth Management LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 1st quarter valued at $41,000. Godfrey Financial Associates Inc. increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 29.4% in the 3rd quarter. Godfrey Financial Associates Inc. now owns 2,437 shares of the company’s stock worth $45,000 after buying an additional 553 shares in the last quarter. Jacobi Capital Management LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 3rd quarter worth $55,000. Signature Equity Partners LLC increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 1,944.7% in the 3rd quarter. Signature Equity Partners LLC now owns 3,108 shares of the company’s stock worth $57,000 after buying an additional 2,956 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 2nd quarter worth $62,000.

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.