Independent Wealth Network Inc. Makes New Investment in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Independent Wealth Network Inc. purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,644 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds have also recently modified their holdings of the company. Stephens Inc. AR raised its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 463.4% during the third quarter. Stephens Inc. AR now owns 302,283 shares of the company’s stock worth $6,460,000 after purchasing an additional 248,627 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth approximately $2,693,000. Truist Financial Corp raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 54.8% during the 2nd quarter. Truist Financial Corp now owns 224,331 shares of the company’s stock valued at $4,583,000 after buying an additional 79,395 shares during the period. Benjamin Edwards Inc. lifted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 3,999.3% in the third quarter. Benjamin Edwards Inc. now owns 65,097 shares of the company’s stock valued at $1,391,000 after acquiring an additional 63,509 shares during the last quarter. Finally, Assetmark Inc. grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 53.5% in the third quarter. Assetmark Inc. now owns 174,902 shares of the company’s stock worth $3,738,000 after acquiring an additional 60,959 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG stock opened at $20.39 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.91 and a 52-week high of $21.60. The business has a fifty day moving average of $20.63 and a two-hundred day moving average of $20.90.

First Trust Intermediate Duration Investment Grade Corporate ETF Company Profile

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.