First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 54.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,964,299 shares of the company’s stock after purchasing an additional 1,048,020 shares during the quarter. LPL Financial LLC owned 0.38% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $60,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIIG. Principal Securities Inc. grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 9.7% in the 4th quarter. Principal Securities Inc. now owns 5,760 shares of the company’s stock worth $118,000 after purchasing an additional 510 shares during the last quarter. Independent Wealth Network Inc. purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the fourth quarter valued at $218,000. HBW Advisory Services LLC acquired a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 4th quarter valued at about $224,000. Private Client Services LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 31.1% in the 4th quarter. Private Client Services LLC now owns 12,895 shares of the company’s stock valued at $264,000 after buying an additional 3,056 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the third quarter worth $294,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FIIG opened at $20.70 on Thursday. The business has a 50 day simple moving average of $20.62 and a 200 day simple moving average of $20.81. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $19.91 and a 52 week high of $21.60.

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.