Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Reaches New 12-Month Low – Time to Sell?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $42.02 and last traded at $42.02, with a volume of 33609 shares changing hands. The stock had previously closed at $42.14.

Fidelity Investment Grade Bond ETF Price Performance

The company has a 50-day simple moving average of $42.49 and a 200 day simple moving average of $42.92.

Institutional Trading of Fidelity Investment Grade Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Clarity Retirement & Wealth LLC purchased a new position in Fidelity Investment Grade Bond ETF in the fourth quarter valued at $8,351,000. Heartland Bank & Trust Co acquired a new position in shares of Fidelity Investment Grade Bond ETF in the first quarter worth about $47,974,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 460,304 shares of the company’s stock worth $19,991,000 after acquiring an additional 460,274 shares in the last quarter. Bill Few Associates Inc. boosted its stake in shares of Fidelity Investment Grade Bond ETF by 2.8% during the 2nd quarter. Bill Few Associates Inc. now owns 33,323 shares of the company’s stock worth $1,427,000 after acquiring an additional 893 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Fidelity Investment Grade Bond ETF by 543.8% during the 1st quarter. Royal Bank of Canada now owns 7,642 shares of the company’s stock valued at $329,000 after acquiring an additional 6,455 shares during the period.

Fidelity Investment Grade Bond ETF Company Profile

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.