First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Volume Increase – What’s Next?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw strong trading volume on Monday . 760,222 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 393,827 shares.The stock last traded at $18.90 and had previously closed at $18.91.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

The firm’s 50-day simple moving average is $18.93 and its 200 day simple moving average is $19.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 8.8% in the fourth quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock valued at $147,402,000 after buying an additional 618,781 shares in the last quarter. Morgan Stanley grew its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 4.2% in the 4th quarter. Morgan Stanley now owns 11,476,255 shares of the company’s stock worth $220,229,000 after acquiring an additional 463,049 shares during the period. First Trust Advisors LP increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 14.0% in the 1st quarter. First Trust Advisors LP now owns 3,272,845 shares of the company’s stock valued at $61,988,000 after purchasing an additional 400,983 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Limited Duration Investment Grade Corporate ETF by 245,809.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 356,568 shares of the company’s stock valued at $6,843,000 after purchasing an additional 356,423 shares in the last quarter. Finally, MGO One Seven LLC acquired a new position in First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth $4,989,000.

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.