RFG Advisory LLC Increases Stake in First Trust Intermediate Duration Investment Grade Corporate ETF

RFG Advisory LLC has expanded its investment in the First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) by 4.0% during the last quarter of the year, as indicated in its most recent Form 13F filing with the SEC. Following the purchase of an additional 711 shares, RFG Advisory now holds a total of 18,632 shares in this exchange-traded fund. As of the end of the latest reporting period, the firm's investment represents approximately 0.24% of the ETF, valued at around $381,000.

In addition to RFG Advisory, several other institutional investors and hedge funds have also adjusted their positions in the First Trust Intermediate Duration Investment Grade Corporate ETF. CWM LLC initiated a new investment in the ETF during the third quarter, amounting to approximately $69,000. Furthermore, Sanctuary Advisors LLC also acquired a new stake in the fund in the second quarter valued at $203,000. Private Client Services LLC purchased shares worth $210,000 in the third quarter, while Independent Wealth Network Inc. acquired an interest in the ETF during the fourth quarter, valued at $218,000. Lastly, Centennial Wealth Advisory LLC made a new investment in the ETF in the third quarter valued at $221,000.

Performance of the ETF

The shares of NYSEARCA:FIIG opened at $20.56 on Tuesday and have experienced a year low of $19.91 and a high of $21.60 over the past year. The ETF currently has a 50-day simple moving average of $20.61, alongside a 200-day simple moving average of $20.90.

About the First Trust Intermediate Duration Investment Grade Corporate ETF

The First Trust Intermediate Duration Investment Grade Corporate ETF (FIIG) is designed to primarily invest in investment-grade fixed income securities. This actively managed fund creates a diversified portfolio consisting of US investment-grade corporate debt securities, aiming for a dollar-weighted average maturity that ranges from three to ten years. First Trust launched this ETF on August 2, 2023.

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For those interested in the latest movements by hedge funds, you can find updated 13F filings and additional insights for the First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG).

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ETF, Investment, Finance