Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Hits New 1-Year Low – Here’s Why

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

Fidelity Investment Grade Bond ETF Price Performance

The company has a 50-day moving average of $42.30 and a 200 day moving average of $42.79.

Institutional Trading of Fidelity Investment Grade Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in Fidelity Investment Grade Bond ETF by 19.8% in the second quarter. IFP Advisors Inc now owns 33,862 shares of the company’s stock worth $1,450,000 after buying an additional 5,595 shares during the last quarter. Anson Capital Inc. boosted its stake in Fidelity Investment Grade Bond ETF by 6.8% during the second quarter. Anson Capital Inc. now owns 219,198 shares of the company’s stock worth $9,388,000 after buying an additional 13,988 shares during the period. Elevation Wealth Management LLC increased its position in Fidelity Investment Grade Bond ETF by 4.9% during the second quarter. Elevation Wealth Management LLC now owns 7,334 shares of the company’s stock valued at $315,000 after acquiring an additional 345 shares during the last quarter. Heartland Bank & Trust Co bought a new position in Fidelity Investment Grade Bond ETF during the second quarter valued at $48,585,000. Finally, Bill Few Associates Inc. raised its stake in shares of Fidelity Investment Grade Bond ETF by 2.8% in the second quarter. Bill Few Associates Inc. now owns 33,323 shares of the company’s stock valued at $1,427,000 after acquiring an additional 893 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.