First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Reaches New 1-Year Low – Should You Sell?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $18.35 and last traded at $18.35, with a volume of 255303 shares trading hands. The stock had previously closed at $18.43.

First Trust Limited Duration Investment Grade Corporate ETF Price Performance

The company’s 50 day simple moving average is $18.71 and its two-hundred day simple moving average is $18.85.

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

Several institutional investors and hedge funds have recently modified their holdings of FSIG. RFG Advisory LLC raised its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF by 28.2% during the first quarter. RFG Advisory LLC now owns 136,561 shares of the company’s stock worth $2,586,000 after acquiring an additional 30,059 shares in the last quarter. LPL Financial LLC grew its stake 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 purchasing an additional 618,781 shares in the last quarter. Citadel Advisors LLC purchased a new position in First Trust Limited Duration Investment Grade Corporate ETF in the second quarter valued at about $10,607,000. Royal Bank of Canada increased its position in First Trust Limited Duration Investment Grade Corporate ETF by 2.7% in the 1st quarter. Royal Bank of Canada now owns 2,043,299 shares of the company’s stock worth $38,701,000 after purchasing an additional 54,351 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its position in First Trust Limited Duration Investment Grade Corporate ETF by 150.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 56,847 shares of the company’s stock worth $1,077,000 after purchasing an additional 34,127 shares during 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.