MML Investors Services LLC Invests $697,000 in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

MML Investors Services LLC purchased a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 32,622 shares of the company’s stock, valued at approximately $697,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIIG. Stephens Inc. AR lifted its position in shares of 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. Envestnet Asset Management Inc. boosted its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 23.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,046,945 shares of the company’s stock valued at $21,389,000 after acquiring an additional 196,128 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF during the 3rd quarter worth approximately $2,693,000. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 26.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 446,017 shares of the company’s stock worth $9,112,000 after acquiring an additional 92,008 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 54.8% in the 2nd quarter. Truist Financial Corp now owns 224,331 shares of the company’s stock valued at $4,583,000 after purchasing an additional 79,395 shares during the period.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Up 0.5 %

Shares of FIIG stock opened at $20.54 on Friday. The business’s fifty day moving average is $20.85 and its 200 day moving average is $20.92. First Trust Intermediate Duration Investment Grade Corporate ETF has a twelve month low of $19.91 and a twelve month high of $21.60.

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.