Concourse Financial Group Securities Inc. Raises Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Concourse Financial Group Securities Inc. raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,654 shares of the company’s stock after acquiring an additional 1,129 shares during the period. Concourse Financial Group Securities Inc. owned approximately 0.27% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $423,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 54.7% during the 4th quarter. LPL Financial LLC now owns 2,964,299 shares of the company’s stock worth $60,620,000 after purchasing an additional 1,048,020 shares during the period. Manchester Financial Inc. boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 921.0% in the fourth quarter. Manchester Financial Inc. now owns 296,223 shares of the company’s stock worth $6,058,000 after buying an additional 267,211 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,366,659 shares of the company’s stock valued at $27,948,000 after buying an additional 195,307 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter valued at about $3,619,000. Finally, JPMorgan Chase & Co. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $3,053,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Down 0.6 %

Shares of NYSEARCA:FIIG opened at $20.40 on Tuesday. The company has a 50 day moving average of $20.63 and a two-hundred day moving average of $20.68. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.91 and a 52-week high of $21.60.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.