Commonwealth Equity Services LLC Makes New $8.43 Million Investment in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Commonwealth Equity Services LLC purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 429,644 shares of the company’s stock, valued at approximately $8,434,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIIG. Tucker Asset Management LLC boosted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.7% during the 3rd quarter. Tucker Asset Management LLC now owns 10,482 shares of the company’s stock valued at $206,000 after purchasing an additional 752 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 54,111 shares of the company’s stock valued at $1,121,000 after buying an additional 2,897 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.3% in the first quarter. Sanctuary Advisors LLC now owns 79,241 shares of the company’s stock valued at $1,644,000 after acquiring an additional 3,970 shares during the period. Novem Group boosted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 19.1% in the third quarter. Novem Group now owns 28,637 shares of the company’s stock worth $562,000 after buying an additional 4,596 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 40.6% in the 1st quarter. D.A. Davidson & CO. now owns 16,389 shares of the company’s stock worth $340,000 after purchasing an additional 4,730 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.1%

FIIG stock opened at $19.86 on Friday. The business’s 50-day moving average price is $19.93 and its 200-day moving average price is $20.54. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $19.52 and a twelve month high of $21.38.

First Trust Intermediate Duration Investment Grade Corporate ETF Profile

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.