HighTower Advisors LLC Buys 134,233 Shares of First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

HighTower Advisors LLC increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 70.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 325,134 shares of the company’s stock after purchasing an additional 134,233 shares during the period. HighTower Advisors LLC owned approximately 1.13% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $6,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIIG. TCP Asset Management LLC bought a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at about $18,917,000. EWG Elevate Inc. acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at approximately $3,507,000. Mutual Advisors LLC lifted its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 413.8% in the 3rd quarter. Mutual Advisors LLC now owns 181,282 shares of the company’s stock valued at $3,864,000 after acquiring an additional 145,997 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth approximately $2,099,000. Finally, Manchester Financial Inc. grew its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 16.3% during the 3rd quarter. Manchester Financial Inc. now owns 583,865 shares of the company’s stock worth $12,395,000 after acquiring an additional 81,656 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Trading Down 0.2%

NYSEARCA FIIG opened at $21.21 on Monday. The firm’s 50 day moving average is $21.17 and its 200-day moving average is $21.21. First Trust Intermediate Duration Investment Grade Corporate ETF has a 12-month low of $19.96 and a 12-month high of $21.49.

First Trust Intermediate Duration Investment Grade Corporate ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0813 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) annualized dividend and a yield of 4.6%.

About First Trust Intermediate Duration Investment Grade Corporate ETF

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.