First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Strong Trading Volume

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw strong trading volume on Monday . 1,241,354 shares changed hands during mid-day trading, an increase of 207% from the previous session’s volume of 404,887 shares.The stock last traded at $18.71 and had previously closed at $18.72.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The company has a 50-day simple moving average of $18.73 and a 200-day simple moving average of $18.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the first quarter valued at about $31,000. Geneos Wealth Management Inc. lifted its position in First Trust Limited Duration Investment Grade Corporate ETF by 54.8% during the first quarter. Geneos Wealth Management Inc. now owns 1,684 shares of the company’s stock valued at $32,000 after buying an additional 596 shares in the last quarter. Capital Investment Advisory Services LLC boosted its position in First Trust Limited Duration Investment Grade Corporate ETF by 171.1% during the 1st quarter. Capital Investment Advisory Services LLC now owns 2,575 shares of the company’s stock worth $48,000 after purchasing an additional 1,625 shares during the period. NBC Securities Inc. purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the third quarter worth about $49,000. Finally, Concourse Financial Group Securities Inc. boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 8.3% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 7,188 shares of the company’s stock worth $132,000 after acquiring an additional 552 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.