Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sets New 1-Year Low – Should You Sell?

Shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGBGet Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $41.90 and last traded at $41.91, with a volume of 19544 shares changing hands. The stock had previously closed at $42.06.

Fidelity Investment Grade Bond ETF Price Performance

The stock’s 50-day moving average price is $42.34 and its two-hundred day moving average price is $42.82.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FIGB. Heartland Bank & Trust Co bought a new stake in Fidelity Investment Grade Bond ETF in the second quarter worth $48,585,000. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $19,991,000 after purchasing an additional 460,274 shares in the last quarter. Clarity Retirement & Wealth LLC purchased a new stake in shares of Fidelity Investment Grade Bond ETF during the fourth quarter valued at approximately $8,351,000. Osaic Holdings Inc. increased its position in shares of Fidelity Investment Grade Bond ETF by 69.9% during the fourth quarter. Osaic Holdings Inc. now owns 198,785 shares of the company’s stock valued at $8,633,000 after acquiring an additional 81,750 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF during the third quarter valued at approximately $1,997,000.

Fidelity Investment Grade Bond ETF Company Profile

(Get Free Report)

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.

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