Independent Wealth Network Inc. Boosts Stake in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Independent Wealth Network Inc. raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 12.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,332 shares of the company’s stock after purchasing an additional 1,474 shares during the quarter. Independent Wealth Network Inc. owned 0.06% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC raised its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 16.6% in the first quarter. LPL Financial LLC now owns 3,455,029 shares of the company’s stock valued at $71,692,000 after purchasing an additional 490,730 shares during the period. Cetera Investment Advisers grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.0% during the 1st quarter. Cetera Investment Advisers now owns 1,391,596 shares of the company’s stock worth $28,876,000 after purchasing an additional 137,506 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,386,967 shares of the company’s stock worth $28,780,000 after acquiring an additional 20,308 shares in the last quarter. Per Stirling Capital Management LLC. boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.4% during the 1st quarter. Per Stirling Capital Management LLC. now owns 642,965 shares of the company’s stock worth $13,342,000 after acquiring an additional 8,717 shares in the last quarter. Finally, Stephens Inc. AR boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 54.9% during the 1st quarter. Stephens Inc. AR now owns 452,346 shares of the company’s stock worth $9,386,000 after acquiring an additional 160,327 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

Shares of NYSEARCA FIIG opened at $21.18 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.96 and a 52-week high of $21.49. The business has a 50-day moving average price of $21.12 and a 200 day moving average price of $20.82.

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.