Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sets New 52-Week Low – Time to Sell?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)’s share price hit a new 52-week low during trading 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 Trading Down 0.2%

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Heartland Bank & Trust Co purchased a new position in Fidelity Investment Grade Bond ETF during the 2nd quarter valued at approximately $48,585,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% during 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 in the last quarter. Anson Capital Inc. boosted its position in shares of Fidelity Investment Grade Bond ETF by 6.8% during the 2nd 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 during the last quarter. Clarity Retirement & Wealth LLC bought a new position in shares of Fidelity Investment Grade Bond ETF during the 4th quarter valued at approximately $8,351,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Fidelity Investment Grade Bond ETF by 7.7% in the first quarter. Kestra Advisory Services LLC now owns 71,366 shares of the company’s stock valued at $3,072,000 after purchasing an additional 5,116 shares in the last quarter.

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.