Royal Bank of Canada Increases Stock Holdings in First Trust Limited Duration Investment Grade Corporate ETF $FSIG

Royal Bank of Canada grew its stake in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,043,299 shares of the company’s stock after purchasing an additional 54,351 shares during the period. Royal Bank of Canada owned approximately 2.57% of First Trust Limited Duration Investment Grade Corporate ETF worth $38,701,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morgan Stanley grew its position in 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 valued at $220,229,000 after buying an additional 463,049 shares during the last quarter. LPL Financial LLC raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 8.8% during the 4th quarter. LPL Financial LLC now owns 7,681,212 shares of the company’s stock worth $147,402,000 after buying an additional 618,781 shares during the last quarter. Wells Fargo & Company MN raised its position in First Trust Limited Duration Investment Grade Corporate ETF by 2.1% during the 4th quarter. Wells Fargo & Company MN now owns 3,426,972 shares of the company’s stock worth $65,764,000 after buying an additional 70,888 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of 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 worth $61,988,000 after acquiring an additional 400,983 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.8% in the third quarter. Ameriprise Financial Inc. now owns 2,395,790 shares of the company’s stock valued at $46,021,000 after acquiring an additional 172,385 shares in the last quarter.

First Trust Limited Duration Investment Grade Corporate ETF Trading Up 0.1%

Shares of First Trust Limited Duration Investment Grade Corporate ETF stock opened at $18.78 on Tuesday. First Trust Limited Duration Investment Grade Corporate ETF has a 52-week low of $18.71 and a 52-week high of $19.33. The company’s 50-day simple moving average is $18.86 and its 200-day simple moving average is $18.99.

First Trust Limited Duration Investment Grade Corporate ETF Profile

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.