Independent Advisor Alliance Takes $1.38 Million Position in First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG)

Independent Advisor Alliance acquired a new stake in shares of First Trust Intermediate Duration Investment Grade Corporate ETF (NYSEARCA:FIIG) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 67,449 shares of the company’s stock, valued at approximately $1,379,000. Independent Advisor Alliance owned approximately 0.87% of First Trust Intermediate Duration Investment Grade Corporate ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIIG. Principal Securities Inc. grew its holdings in shares of First Trust Intermediate Duration Investment Grade Corporate ETF by 9.7% during the fourth quarter. Principal Securities Inc. now owns 5,760 shares of the company’s stock worth $118,000 after purchasing an additional 510 shares during the last quarter. Independent Wealth Network Inc. acquired a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $218,000. HBW Advisory Services LLC bought a new stake in First Trust Intermediate Duration Investment Grade Corporate ETF during the 4th quarter worth approximately $224,000. Private Client Services LLC increased its position in First Trust Intermediate Duration Investment Grade Corporate ETF by 31.1% in the 4th quarter. Private Client Services LLC now owns 12,895 shares of the company’s stock valued at $264,000 after acquiring an additional 3,056 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in First Trust Intermediate Duration Investment Grade Corporate ETF in the 3rd quarter valued at approximately $294,000.

First Trust Intermediate Duration Investment Grade Corporate ETF Stock Performance

Shares of NYSEARCA:FIIG opened at $20.60 on Friday. First Trust Intermediate Duration Investment Grade Corporate ETF has a 52 week low of $19.91 and a 52 week high of $21.60. The firm’s fifty day moving average is $20.56 and its 200-day moving average is $20.84.

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.