Kovack Advisors Inc. Purchases New Position in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)

Kovack Advisors Inc. purchased a new stake in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,173 shares of the company’s stock, valued at approximately $349,000. Kovack Advisors Inc. owned approximately 1.49% of Fidelity Investment Grade Bond ETF as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Fidelity Investment Grade Bond ETF in the 4th quarter worth approximately $1,736,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Fidelity Investment Grade Bond ETF by 30.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,137 shares of the company’s stock worth $732,000 after buying an additional 3,964 shares during the last quarter. Finally, TCG Advisory Services LLC acquired a new position in shares of Fidelity Investment Grade Bond ETF during the fourth quarter worth approximately $332,000.

Fidelity Investment Grade Bond ETF Trading Up 0.6 %

Shares of FIGB stock opened at $42.41 on Friday. Fidelity Investment Grade Bond ETF has a 12 month low of $40.06 and a 12 month high of $44.00. The stock has a 50 day moving average of $42.30 and a 200-day moving average of $42.60.

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.