Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Shares Down 0.3%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) fell 0.3% during mid-day trading on Tuesday . The company traded as low as $44.50 and last traded at $44.52. 31,077 shares changed hands during trading, an increase of 25% from the average session volume of 24,886 shares. The stock had previously closed at $44.63.

Fidelity Investment Grade Bond ETF Stock Down 0.1 %

The company’s 50 day simple moving average is $43.65 and its 200 day simple moving average is $42.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kovack Advisors Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the first quarter worth about $349,000. Commonwealth Equity Services LLC raised its holdings in Fidelity Investment Grade Bond ETF by 34.4% during the 1st quarter. Commonwealth Equity Services LLC now owns 16,628 shares of the company’s stock worth $711,000 after buying an additional 4,253 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Fidelity Investment Grade Bond ETF by 30.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,137 shares of the company’s stock valued at $732,000 after buying an additional 3,964 shares in the last quarter. Bill Few Associates Inc. boosted its holdings in shares of Fidelity Investment Grade Bond ETF by 102.9% in the second quarter. Bill Few Associates Inc. now owns 21,312 shares of the company’s stock valued at $904,000 after buying an additional 10,807 shares during the period. Finally, OmniStar Financial Group Inc. boosted its holdings in shares of Fidelity Investment Grade Bond ETF by 6.1% in the second quarter. OmniStar Financial Group Inc. now owns 22,729 shares of the company’s stock valued at $965,000 after buying an additional 1,306 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.