Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Trading Down 0.5% – Here’s What Happened

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) traded down 0.5% on Tuesday . The company traded as low as $42.82 and last traded at $42.83. Approximately 64,364 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 85,985 shares. The stock had previously closed at $43.03.

Fidelity Investment Grade Bond ETF Stock Performance

The company has a 50-day moving average of $42.90 and a 200-day moving average of $43.24.

Institutional Trading of Fidelity Investment Grade Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors lifted its position in shares of Fidelity Investment Grade Bond ETF by 11.6% in the 1st quarter. Arkadios Wealth Advisors now owns 9,151 shares of the company’s stock worth $394,000 after buying an additional 954 shares during the last quarter. Core Wealth Advisors Inc. grew its position in shares of Fidelity Investment Grade Bond ETF by 34.4% during the 1st quarter. Core Wealth Advisors Inc. now owns 27,961 shares of the company’s stock valued at $1,203,000 after buying an additional 7,161 shares during the last quarter. 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 buying an additional 6,455 shares during the last quarter. Cetera Investment Advisers raised its stake in Fidelity Investment Grade Bond ETF by 2.2% during the first quarter. Cetera Investment Advisers now owns 56,753 shares of the company’s stock worth $2,443,000 after acquiring an additional 1,224 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Fidelity Investment Grade Bond ETF by 6.4% during the first quarter. PNC Financial Services Group Inc. now owns 28,174 shares of the company’s stock worth $1,213,000 after acquiring an additional 1,695 shares during the period.

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.