Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Reaches New 12-Month Low – What’s Next?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $41.50 and last traded at $41.5550, with a volume of 7030 shares changing hands. The stock had previously closed at $41.66.

Fidelity Investment Grade Bond ETF Stock Performance

The business’s 50 day simple moving average is $42.26 and its 200-day simple moving average is $42.76.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Heartland Bank & Trust Co acquired a new position in Fidelity Investment Grade Bond ETF during the 2nd quarter valued at about $48,585,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% in 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 during the period. Clarity Retirement & Wealth LLC bought a new position in shares of Fidelity Investment Grade Bond ETF in the fourth quarter valued at approximately $8,351,000. Anson Capital Inc. boosted its holdings in shares of Fidelity Investment Grade Bond ETF by 6.8% in the second quarter. Anson Capital Inc. now owns 219,198 shares of the company’s stock valued at $9,388,000 after acquiring an additional 13,988 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Fidelity Investment Grade Bond ETF during the first quarter valued at approximately $379,000.

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.