Independent Wealth Network Inc. Purchases New Position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Independent Wealth Network Inc. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,644 shares of the company’s stock, valued at approximately $218,000. Independent Wealth Network Inc. owned approximately 0.14% of First Trust Intermediate Duration Investment Grade Corporate ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Stephens Inc. AR raised its holdings in First Trust Intermediate Duration Investment Grade Corporate ETF by 463.4% in the 3rd quarter. Stephens Inc. AR now owns 302,283 shares of the company’s stock worth $6,460,000 after purchasing an additional 248,627 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF in the third quarter valued at approximately $2,693,000. Truist Financial Corp raised its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 54.8% during the 2nd 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 during the period. Benjamin Edwards Inc. lifted its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3,999.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 65,097 shares of the company’s stock valued at $1,391,000 after buying an additional 63,509 shares in the last quarter. Finally, Assetmark Inc. grew its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 53.5% in the 3rd quarter. Assetmark Inc. now owns 174,902 shares of the company’s stock valued at $3,738,000 after acquiring an additional 60,959 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

NYSEARCA:FIIG opened at $20.39 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a fifty-two week low of $19.91 and a fifty-two week high of $21.60. The company has a fifty day moving average of $20.63 and a two-hundred day moving average of $20.90.

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.