Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sets New 1-Year Low – What’s Next?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $41.90 and last traded at $41.91, with a volume of 19544 shares changing hands. The stock had previously closed at $42.06.

Fidelity Investment Grade Bond ETF Stock Down 0.3%

The firm’s fifty day moving average is $42.38 and its 200 day moving average is $42.85.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter valued at approximately $52,000. Bank of Montreal Can boosted its holdings 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 purchasing an additional 230 shares during the period. MidAtlantic Capital Management Inc. acquired a new stake in Fidelity Investment Grade Bond ETF in the 4th quarter worth $76,000. Cerity Partners LLC bought a new position in shares of Fidelity Investment Grade Bond ETF during the 4th quarter worth about $204,000. Finally, LPL Financial LLC acquired a new position in shares of Fidelity Investment Grade Bond ETF during the fourth quarter valued at about $239,000.

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.