Archer Investment Corp Trims Position in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)

Archer Investment Corp trimmed its position in First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) by 0.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 117,069 shares of the company’s stock after selling 651 shares during the period. Archer Investment Corp’s holdings in First Trust Limited Duration Investment Grade Corporate ETF were worth $2,217,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter worth approximately $16,407,000. LPL Financial LLC lifted its stake in 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 lifted its stake 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 worth $56,872,000 after purchasing an additional 288,666 shares in the last quarter. WJ Wealth Management LLC purchased a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the first quarter worth $5,291,000. Finally, Stifel Financial Corp raised its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 50.4% in the fourth quarter. Stifel Financial Corp now owns 672,058 shares of the company’s stock worth $12,682,000 after buying an additional 225,230 shares in the last quarter.

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

Shares of FSIG stock traded up $0.03 on Friday, reaching $19.12. The company’s stock had a trading volume of 101,857 shares, compared to its average volume of 416,189. First Trust Limited Duration Investment Grade Corporate ETF has a 12-month low of $18.70 and a 12-month high of $19.33. The stock’s 50 day simple moving average is $19.03 and its 200-day simple moving average is $18.96.

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.