TCP Asset Management LLC Invests $18.92 Million in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

TCP Asset Management LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 891,038 shares of the company’s stock, valued at approximately $18,917,000. First Trust Intermediate Duration Investment Grade Corporate ETF accounts for about 3.4% of TCP Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. TCP Asset Management LLC owned 3.36% of First Trust Intermediate Duration Investment Grade Corporate ETF at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FIIG. Envestnet Asset Management Inc. lifted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,407,356 shares of the company’s stock worth $29,526,000 after buying an additional 20,389 shares in the last quarter. Per Stirling Capital Management LLC. increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 5.4% during the second quarter. Per Stirling Capital Management LLC. now owns 677,862 shares of the company’s stock worth $14,222,000 after acquiring an additional 34,897 shares during the period. Manchester Financial Inc. raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 7.5% in the second quarter. Manchester Financial Inc. now owns 502,209 shares of the company’s stock valued at $10,536,000 after acquiring an additional 34,880 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 4,707.5% in the second quarter. Concurrent Investment Advisors LLC now owns 500,123 shares of the company’s stock valued at $10,493,000 after acquiring an additional 489,720 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 33.3% in the first quarter. Kestra Advisory Services LLC now owns 422,240 shares of the company’s stock valued at $8,761,000 after purchasing an additional 105,473 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG opened at $21.11 on Thursday. The business has a fifty day moving average price of $21.26 and a 200 day moving average price of $21.11. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12 month low of $19.96 and a 12 month high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.