Envestnet Asset Management Inc. Buys 43,118 Shares of First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Envestnet Asset Management Inc. boosted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,450,474 shares of the company’s stock after buying an additional 43,118 shares during the period. Envestnet Asset Management Inc. owned approximately 4.98% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $30,794,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at approximately $32,000. CWM LLC lifted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 749.7% during the 2nd quarter. CWM LLC now owns 1,623 shares of the company’s stock valued at $34,000 after buying an additional 1,432 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter valued at about $117,000. Milestones Private Investment Advisors LLC purchased a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 2nd quarter valued at about $215,000. Finally, OneAscent Financial Services LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 11.7% in the 3rd quarter. OneAscent Financial Services LLC now owns 11,797 shares of the company’s stock worth $250,000 after acquiring an additional 1,235 shares in the last quarter.

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

First Trust Intermediate Duration Investment Grade Corporate ETF stock opened at $21.18 on Thursday. The company has a 50 day moving average price of $21.16 and a 200-day moving average price of $21.20. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $19.96 and a fifty-two week high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.0813 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Wednesday, January 21st.

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.