First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw unusually-strong trading volume on Monday . Approximately 658,288 shares changed hands during mid-day trading, an increase of 395% from the previous session’s volume of 132,911 shares.The stock last traded at $19.1950 and had previously closed at $19.18.

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

The stock has a 50 day moving average of $19.20 and a two-hundred day moving average of $19.18.

First Trust Limited Duration Investment Grade Corporate ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were paid a dividend of $0.0725 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, November 21st.

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

A number of hedge funds have recently modified their holdings of the company. Key Financial Inc acquired a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 2nd quarter valued at about $29,000. CWM LLC lifted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 95.4% during the second quarter. CWM LLC now owns 1,903 shares of the company’s stock worth $36,000 after purchasing an additional 929 shares during the period. Geneos Wealth Management Inc. boosted its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 68.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,871 shares of the company’s stock valued at $55,000 after purchasing an additional 1,169 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 38.4% in the 2nd quarter. Ameriflex Group Inc. now owns 3,796 shares of the company’s stock valued at $73,000 after purchasing an additional 1,054 shares during the period. Finally, Triumph Capital Management bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 3rd quarter valued at approximately $91,000.

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.