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 mid-day 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’s 50 day moving average is $18.94 and its two-hundred day moving average is $18.98.

Hedge Funds Weigh In On First Trust Limited Duration Investment Grade Corporate ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FSIG. Raymond James Financial Inc. bought a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter valued at about $16,407,000. Independent Advisor Alliance bought a new position in First Trust Limited Duration Investment Grade Corporate ETF in the fourth quarter valued at approximately $9,716,000. LPL Financial LLC boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 5.2% in the fourth quarter. LPL Financial LLC now owns 7,181,535 shares of the company’s stock valued at $135,516,000 after buying an additional 354,539 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 3,013,866 shares of the company’s stock valued at $56,872,000 after buying an additional 288,666 shares during the period. Finally, Stifel Financial Corp increased its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 50.4% during the fourth quarter. Stifel Financial Corp now owns 672,058 shares of the company’s stock worth $12,682,000 after acquiring 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.