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Envestnet cuts holdings in FIIG ETF by nearly 20%, while Commonwealth Equity raises stake in FSIG ETF.
Envestnet Portfolio Solutions Inc. reduced its holdings in FIIG, the First Trust Intermediate Duration Investment Grade Corporate ETF, by 19.6% in Q4, now owning $2.3 million worth.
Meanwhile, Commonwealth Equity Services LLC increased its stake in a similar ETF, FSIG, by 1.7% to $7.1 million.
These changes reflect ongoing adjustments by institutional investors in investment-grade corporate bond ETFs.
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Envestnet reduce las participaciones en FIIG ETF en casi un 20%, mientras que Commonwealth Equity aumenta su participación en FSIG ETF.