Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Unusually-High Trading Volume – Time to Buy?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) shares saw unusually-high trading volume on Thursday . Approximately 186,811 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 83,263 shares.The stock last traded at $42.62 and had previously closed at $42.65.

Fidelity Investment Grade Bond ETF Trading Down 0.1%

The business’s 50-day moving average price is $42.79 and its 200-day moving average price is $43.17.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FIGB. Royal Bank of Canada purchased a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter valued at about $52,000. Bank of Montreal Can increased its position in Fidelity Investment Grade Bond ETF by 20.2% in the 4th quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock valued at $60,000 after acquiring an additional 230 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Fidelity Investment Grade Bond ETF in the 4th quarter valued at about $76,000. Cerity Partners LLC purchased a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter valued at approximately $204,000. Finally, LPL Financial LLC purchased a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter valued at approximately $239,000.

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.