First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares saw an uptick in trading volume on Friday . 1,630,238 shares traded hands during trading, an increase of 351% from the previous session’s volume of 361,584 shares.The stock last traded at $18.93 and had previously closed at $18.94.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The firm has a 50 day moving average of $18.94 and a 200 day moving average of $18.98.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $16,407,000. Independent Advisor Alliance bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter worth $9,716,000. LPL Financial LLC lifted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5.2% in the 4th quarter. LPL Financial LLC now owns 7,181,535 shares of the company’s stock worth $135,516,000 after purchasing an additional 354,539 shares in the last quarter. Wells Fargo & Company MN grew its position in First Trust Limited Duration Investment Grade Corporate ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,013,866 shares of the company’s stock valued at $56,872,000 after purchasing an additional 288,666 shares during the period. Finally, Stifel Financial Corp increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 50.4% during the 4th quarter. Stifel Financial Corp now owns 672,058 shares of the company’s stock valued at $12,682,000 after purchasing an additional 225,230 shares in the last quarter.

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.