Ausdal Financial Partners Inc. Acquires New Stake in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Ausdal Financial Partners Inc. bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 22,777 shares of the company’s stock, valued at approximately $465,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FIIG. FSB Premier Wealth Management Inc. bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the second quarter valued at approximately $203,000. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 279,105 shares of the company’s stock worth $5,702,000 after acquiring an additional 10,316 shares during the last quarter. International Assets Investment Management LLC bought a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the second quarter valued at $117,000. Cambridge Investment Research Advisors Inc. increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 26.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 446,017 shares of the company’s stock valued at $9,112,000 after acquiring an additional 92,008 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in First Trust Intermediate Duration Investment Grade Corporate ETF by 14.5% in the second quarter. Bank of New York Mellon Corp now owns 195,791 shares of the company’s stock valued at $4,000,000 after acquiring an additional 24,784 shares during the last quarter.

First Trust Intermediate Duration Investment Grade Corporate ETF Price Performance

FIIG opened at $21.39 on Tuesday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $18.99 and a 52 week high of $21.44. The business’s fifty day simple moving average is $20.89 and its 200 day simple moving average is $20.58.

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.