First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sets New 52-Week Low – Here’s Why

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.55 and last traded at $18.5450, with a volume of 33975 shares trading hands. The stock had previously closed at $18.62.

First Trust Limited Duration Investment Grade Corporate ETF Stock Down 0.6%

The stock’s fifty day simple moving average is $18.76 and its 200 day simple moving average is $18.88.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in First Trust Limited Duration Investment Grade Corporate ETF by 7.4% during the second quarter. Integrated Wealth Concepts LLC now owns 209,657 shares of the company’s stock valued at $3,953,000 after acquiring an additional 14,523 shares during the last quarter. RFG Advisory LLC boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 29.1% in the second quarter. RFG Advisory LLC now owns 176,300 shares of the company’s stock valued at $3,324,000 after acquiring an additional 39,739 shares in the last quarter. Citadel Advisors LLC acquired a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at approximately $10,607,000. Guardian Wealth Advisors LLC NC grew its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 139.2% in the second quarter. Guardian Wealth Advisors LLC NC now owns 40,060 shares of the company’s stock worth $755,000 after purchasing an additional 23,310 shares during the last quarter. Finally, Kintra Wealth LLC acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter worth $6,493,000.

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.