First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Reaches New 12-Month Low – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) reached a new 52-week low on Tuesday . The company traded as low as $18.77 and last traded at $18.78, with a volume of 41365 shares. The stock had previously closed at $18.87.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The business’s 50-day moving average price is $18.89 and its 200 day moving average price is $19.02.

Institutional Investors Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in First Trust Limited Duration Investment Grade Corporate ETF by 4.2% in the 4th quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock valued at $220,229,000 after buying an additional 463,049 shares during the last quarter. LPL Financial LLC increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the fourth quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock worth $147,402,000 after acquiring an additional 618,781 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock worth $65,764,000 after acquiring an additional 70,888 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the first quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock worth $61,988,000 after acquiring an additional 400,983 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the third quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock valued at $46,021,000 after purchasing an additional 172,385 shares during the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Company Profile

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.