Uniting Wealth Partners LLC Makes New $6.40 Million Investment in First Trust Limited Duration Investment Grade Corporate ETF $FSIG

Uniting Wealth Partners LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 333,181 shares of the company’s stock, valued at approximately $6,400,000. First Trust Limited Duration Investment Grade Corporate ETF accounts for about 1.5% of Uniting Wealth Partners LLC’s portfolio, making the stock its 13th largest holding. Uniting Wealth Partners LLC owned 0.46% of First Trust Limited Duration Investment Grade Corporate ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FSIG. Vestmark Advisory Solutions Inc. raised its stake in First Trust Limited Duration Investment Grade Corporate ETF by 100.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 930,458 shares of the company’s stock worth $17,790,000 after purchasing an additional 465,810 shares during the period. First Trust Advisors LP raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 12.2% during the 2nd quarter. First Trust Advisors LP now owns 2,549,886 shares of the company’s stock valued at $48,754,000 after buying an additional 276,392 shares during the period. Envestnet Asset Management Inc. grew its position in First Trust Limited Duration Investment Grade Corporate ETF by 19.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,636,675 shares of the company’s stock worth $31,293,000 after acquiring an additional 268,573 shares during the period. Csenge Advisory Group increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 9.8% during the third quarter. Csenge Advisory Group now owns 1,997,699 shares of the company’s stock worth $38,376,000 after acquiring an additional 179,086 shares during the last quarter. Finally, Mutual Advisors LLC raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 234.1% in the third quarter. Mutual Advisors LLC now owns 228,477 shares of the company’s stock valued at $4,396,000 after purchasing an additional 160,087 shares during the period.

First Trust Limited Duration Investment Grade Corporate ETF Stock Up 0.1%

Shares of First Trust Limited Duration Investment Grade Corporate ETF stock opened at $19.22 on Friday. First Trust Limited Duration Investment Grade Corporate ETF has a 52 week low of $18.70 and a 52 week high of $19.33. The business’s fifty day simple moving average is $19.18 and its 200-day simple moving average is $19.20.

First Trust Limited Duration Investment Grade Corporate ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.0725 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.