Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Strong Trading Volume – Here’s What Happened

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) shares saw unusually-strong trading volume on Thursday . Approximately 186,811 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 83,263 shares.The stock last traded at $42.62 and had previously closed at $42.65.

Fidelity Investment Grade Bond ETF Trading Down 0.1%

The company has a fifty day moving average of $42.79 and a two-hundred day moving average of $43.17.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in shares of Fidelity Investment Grade Bond ETF by 121.1% during the first quarter. Jane Street Group LLC now owns 33,656 shares of the company’s stock worth $1,447,000 after acquiring an additional 18,436 shares during the period. JPMorgan Chase & Co. lifted its position in Fidelity Investment Grade Bond ETF by 334.5% in the second quarter. JPMorgan Chase & Co. now owns 23,097 shares of the company’s stock valued at $998,000 after purchasing an additional 17,781 shares during the period. Citadel Advisors LLC purchased a new stake in Fidelity Investment Grade Bond ETF in the 3rd quarter valued at approximately $1,997,000. IFP Advisors Inc boosted its holdings in Fidelity Investment Grade Bond ETF by 132.5% in the 3rd quarter. IFP Advisors Inc now owns 29,315 shares of the company’s stock valued at $1,275,000 after purchasing an additional 16,705 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Fidelity Investment Grade Bond ETF by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 118,373 shares of the company’s stock valued at $5,140,000 after purchasing an additional 5,052 shares in the last quarter.

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.