Mutual Advisors LLC Reduces Position in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Mutual Advisors LLC lessened its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 55.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,285 shares of the company’s stock after selling 43,361 shares during the quarter. Mutual Advisors LLC’s holdings in First Trust Intermediate Duration Investment Grade Corporate ETF were worth $737,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FIIG. LPL Financial LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.6% during the 1st quarter. LPL Financial LLC now owns 3,455,029 shares of the company’s stock worth $71,692,000 after buying an additional 490,730 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 4,707.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 500,123 shares of the company’s stock worth $10,493,000 after buying an additional 489,720 shares during the last quarter. Northeast Planning Associates INC. NH purchased a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 1st quarter worth approximately $6,200,000. Stephens Inc. AR grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 54.9% during the 1st quarter. Stephens Inc. AR now owns 452,346 shares of the company’s stock worth $9,386,000 after buying an additional 160,327 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.0% in the 1st quarter. Cetera Investment Advisers now owns 1,391,596 shares of the company’s stock valued at $28,876,000 after purchasing an additional 137,506 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Up 0.1%

Shares of FIIG stock opened at $21.45 on Friday. The business’s 50 day moving average is $21.22 and its two-hundred day moving average is $20.88. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $19.96 and a twelve month high of $21.47.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.