First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) Sees Strong Trading Volume – Should You Buy?

Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) saw unusually-strong trading volume on Friday . Approximately 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 Trading Down 0.1 %

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

Institutional Trading of First Trust Limited Duration Investment Grade Corporate ETF

Several institutional investors and hedge funds have recently bought and sold shares of FSIG. Tucker Asset Management LLC increased its holdings in First Trust Limited Duration Investment Grade Corporate ETF by 98.3% during the fourth quarter. Tucker Asset Management LLC now owns 2,990 shares of the company’s stock worth $56,000 after buying an additional 1,482 shares during the last quarter. Ameriflex Group Inc. acquired a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the 4th quarter worth about $63,000. Kestra Investment Management LLC bought a new stake in shares of First Trust Limited Duration Investment Grade Corporate ETF in the 4th quarter valued at about $120,000. Bank of America Corp DE bought a new position in First Trust Limited Duration Investment Grade Corporate ETF during the fourth quarter worth about $197,000. Finally, Acorn Wealth Advisors LLC increased its position in First Trust Limited Duration Investment Grade Corporate ETF by 7.4% during the fourth quarter. Acorn Wealth Advisors LLC now owns 12,947 shares of the company’s stock worth $244,000 after buying an additional 895 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.