Janney Montgomery Scott LLC Raises Stock Holdings in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Janney Montgomery Scott LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 28.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,426 shares of the company’s stock after purchasing an additional 36,287 shares during the period. Janney Montgomery Scott LLC owned approximately 0.70% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $3,450,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. LPL Financial LLC increased its holdings in shares of 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 increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 11.0% in the first quarter. Cetera Investment Advisers now owns 1,391,596 shares of the company’s stock valued at $28,876,000 after purchasing an additional 137,506 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,386,967 shares of the company’s stock valued at $28,780,000 after purchasing an additional 20,308 shares during the period. Per Stirling Capital Management LLC. increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 1.4% in the first quarter. Per Stirling Capital Management LLC. now owns 642,965 shares of the company’s stock valued at $13,342,000 after purchasing an additional 8,717 shares during the period. Finally, Stephens Inc. AR increased its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 54.9% in the first quarter. Stephens Inc. AR now owns 452,346 shares of the company’s stock valued at $9,386,000 after purchasing an additional 160,327 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

NYSEARCA:FIIG opened at $21.27 on Thursday. The stock’s 50 day simple moving average is $21.18 and its 200-day simple moving average is $20.85. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $19.96 and a 12-month high of $21.47.

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.