Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Hits New 52-Week Low – Here’s Why

Shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) reached a new 52-week low on Wednesday . The stock 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 company has a 50 day moving average of $42.38 and a 200 day moving average of $42.85.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new stake in shares of Fidelity Investment Grade Bond ETF during the 4th quarter worth about $52,000. Bank of Montreal Can lifted its holdings in Fidelity Investment Grade Bond ETF by 20.2% during the 4th quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock valued at $60,000 after purchasing an additional 230 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Fidelity Investment Grade Bond ETF in the fourth quarter valued at about $76,000. Cerity Partners LLC acquired a new position in Fidelity Investment Grade Bond ETF in the fourth quarter valued at about $204,000. Finally, LPL Financial LLC bought a new stake in Fidelity Investment Grade Bond ETF during the fourth quarter worth about $239,000.

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.