Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Stock Price Down 0.3% – Here’s Why

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) traded down 0.3% on Thursday . The company traded as low as $42.14 and last traded at $42.30. 92,051 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 99,447 shares. The stock had previously closed at $42.41.

Fidelity Investment Grade Bond ETF Stock Down 0.1%

The company has a fifty day moving average of $42.56 and a 200-day moving average of $42.97.

Institutional Trading of Fidelity Investment Grade Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Heartland Bank & Trust Co acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the second quarter worth about $48,585,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460,304 shares of the company’s stock valued at $19,991,000 after purchasing an additional 460,274 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Fidelity Investment Grade Bond ETF by 69.9% in the fourth quarter. Osaic Holdings Inc. now owns 198,785 shares of the company’s stock valued at $8,633,000 after purchasing an additional 81,750 shares in the last quarter. Clarity Retirement & Wealth LLC purchased a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter worth approximately $8,351,000. Finally, Kestra Advisory Services LLC increased its stake in Fidelity Investment Grade Bond ETF by 7.7% during the 1st quarter. Kestra Advisory Services LLC now owns 71,366 shares of the company’s stock worth $3,072,000 after buying an additional 5,116 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.