First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Large Volume Increase – Time to Buy?

First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) shares saw an uptick in trading volume on Friday . 1,630,238 shares traded hands during mid-day trading, an increase of 351% from the previous session’s volume of 361,584 shares.The stock last traded at $18.93 and had previously closed at $18.94.

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

The stock’s fifty day moving average is $18.94 and its 200-day moving average is $18.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FSIG. LPL Financial LLC raised its holdings 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 acquiring an additional 354,539 shares during the period. Wells Fargo & Company MN increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 10.6% in the fourth 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 during the period. First Trust Advisors LP lifted its position in shares of First Trust Limited Duration Investment Grade Corporate ETF by 7.5% during the 4th quarter. First Trust Advisors LP now owns 2,792,604 shares of the company’s stock worth $52,696,000 after purchasing an additional 194,982 shares during the last quarter. Csenge Advisory Group boosted its stake in First Trust Limited Duration Investment Grade Corporate ETF by 9.8% during the 4th quarter. Csenge Advisory Group now owns 1,813,383 shares of the company’s stock valued at $34,219,000 after purchasing an additional 161,906 shares during the period. Finally, Royal Bank of Canada grew its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 5.3% in the 4th quarter. Royal Bank of Canada now owns 1,750,480 shares of the company’s stock valued at $33,032,000 after buying an additional 88,283 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.