Fidelity Investment Grade Bond ETF to Issue Monthly Dividend of $0.13 (NYSEARCA:FIGB)

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) announced a monthly dividend on Wednesday, January 28th. Stockholders of record on Thursday, January 29th will be given a dividend of 0.129 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, January 29th.

Fidelity Investment Grade Bond ETF Stock Down 0.1%

Shares of NYSEARCA FIGB opened at $43.41 on Thursday. The company has a 50-day moving average of $43.53 and a two-hundred day moving average of $43.46. Fidelity Investment Grade Bond ETF has a 1-year low of $41.85 and a 1-year high of $44.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FIGB. Bank of Montreal Can lifted its holdings in Fidelity Investment Grade Bond ETF by 210.9% in the second quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock valued at $48,000 after buying an additional 753 shares during the period. Farther Finance Advisors LLC purchased a new position in Fidelity Investment Grade Bond ETF in the third quarter valued at approximately $50,000. Sound Income Strategies LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF during the 2nd quarter valued at $92,000. Planning Directions Inc. bought a new stake in shares of Fidelity Investment Grade Bond ETF during the 3rd quarter valued at about $204,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Fidelity Investment Grade Bond ETF during the 3rd quarter valued at $207,000.

About Fidelity Investment Grade Bond ETF

The Fidelity Investment Grade Bond ETF (FIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that primarily invests in investment grade debt securities of any maturity, globally. FIGB was launched on Mar 2, 2021 and is managed by Fidelity.