Assetmark Inc. Raises Position in First Trust Intermediate Duration Investment Grade Corporate ETF $FIIG

Assetmark Inc. increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 13.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 238,285 shares of the company’s stock after buying an additional 28,701 shares during the quarter. Assetmark Inc. owned about 0.74% of First Trust Intermediate Duration Investment Grade Corporate ETF worth $4,944,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. GeoWealth Management LLC increased its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.7% during the third quarter. GeoWealth Management LLC now owns 14,661 shares of the company’s stock worth $311,000 after acquiring an additional 519 shares during the last quarter. RFG Advisory LLC boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 2.1% in the fourth quarter. RFG Advisory LLC now owns 25,855 shares of the company’s stock valued at $548,000 after purchasing an additional 529 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 15.9% in the first quarter. Evolution Wealth Management Inc. now owns 5,085 shares of the company’s stock valued at $106,000 after purchasing an additional 696 shares during the last quarter. Betterment LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 7.2% during the 4th quarter. Betterment LLC now owns 13,460 shares of the company’s stock valued at $285,000 after purchasing an additional 900 shares in the last quarter. Finally, Asset Allocation Strategies LLC grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 5.7% during the 1st quarter. Asset Allocation Strategies LLC now owns 20,581 shares of the company’s stock valued at $427,000 after purchasing an additional 1,101 shares in the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

FIIG stock opened at $20.43 on Wednesday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $20.41 and a 52-week high of $21.49. The stock’s 50 day moving average is $20.66 and its two-hundred day moving average is $20.89.

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.