Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Reaches New 1-Year Low – Here’s Why

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) reached a new 52-week low on Tuesday . The company traded as low as $42.02 and last traded at $42.02, with a volume of 33609 shares. The stock had previously closed at $42.14.

Fidelity Investment Grade Bond ETF Trading Down 0.3%

The business has a 50-day simple moving average of $42.49 and a 200-day simple moving average of $42.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FIGB. Heartland Bank & Trust Co acquired a new stake in Fidelity Investment Grade Bond ETF in the 2nd quarter valued at $48,585,000. Northwestern Mutual Wealth Management Co. raised its position in Fidelity Investment Grade Bond ETF by 1,534,246.7% during the fourth 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 during the period. Clarity Retirement & Wealth LLC acquired a new position in Fidelity Investment Grade Bond ETF during the fourth quarter worth $8,351,000. Osaic Holdings Inc. lifted its holdings in 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 purchasing an additional 81,750 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Fidelity Investment Grade Bond ETF during the third quarter valued at $1,997,000.

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.