Archer Investment Corp Sells 3,705 Shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG)

Archer Investment Corp trimmed its holdings in shares of First Trust Limited Duration Investment Grade Corporate ETF (NYSEARCA:FSIG) by 3.3% in the 4th quarter, Holdings Channel reports. The firm owned 108,305 shares of the company’s stock after selling 3,705 shares during the quarter. Archer Investment Corp’s holdings in First Trust Limited Duration Investment Grade Corporate ETF were worth $2,053,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FSIG. Morgan Stanley increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 136,977.8% during the fourth quarter. Morgan Stanley now owns 4,112,334 shares of the company’s stock valued at $76,777,000 after buying an additional 4,109,334 shares during the period. Stifel Financial Corp purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the first quarter valued at $21,594,000. Imprint Wealth LLC purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the second quarter valued at $112,636,000. Kestra Advisory Services LLC increased its stake in shares of First Trust Limited Duration Investment Grade Corporate ETF by 650.0% during the third quarter. Kestra Advisory Services LLC now owns 565,729 shares of the company’s stock valued at $10,404,000 after buying an additional 490,301 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of First Trust Limited Duration Investment Grade Corporate ETF during the third quarter valued at $6,612,000.

First Trust Limited Duration Investment Grade Corporate ETF Stock Performance

Shares of First Trust Limited Duration Investment Grade Corporate ETF stock traded up $0.05 during trading on Wednesday, hitting $18.63. 227,434 shares of the stock traded hands, compared to its average volume of 413,271. First Trust Limited Duration Investment Grade Corporate ETF has a 52-week low of $18.21 and a 52-week high of $19.02. The stock’s fifty day simple moving average is $18.78 and its 200 day simple moving average is $18.71.

About First Trust Limited Duration Investment Grade Corporate ETF

The First Trust Limited Duration Investment Grade Corporate ETF (FSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to provide current income from an actively managed portfolio of short-term US investment-grade corporate bonds. FSIG was launched on Nov 17, 2021 and is managed by First Trust.