Foundations Investment Advisors LLC Purchases New Shares in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Foundations Investment Advisors LLC acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the fourth quarter, HoldingsChannel reports. The fund acquired 21,458 shares of the company’s stock, valued at approximately $439,000.

A number of other institutional investors also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. bought a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the second quarter worth approximately $228,000. Truist Financial Corp grew its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 54.8% during the second quarter. Truist Financial Corp now owns 224,331 shares of the company’s stock worth $4,583,000 after buying an additional 79,395 shares in the last quarter. Sanctuary Advisors LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 2nd quarter worth $203,000. Park Avenue Securities LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth $1,171,000. Finally, Private Client Services LLC acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at $210,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG opened at $20.57 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52-week low of $19.91 and a 52-week high of $21.60. The business’s fifty day moving average is $20.60 and its 200-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.