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

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) hit a new 52-week low during trading on Thursday . The stock traded as low as $42.08 and last traded at $42.08, with a volume of 1106 shares traded. The stock had previously closed at $42.42.

Fidelity Investment Grade Bond ETF Stock Performance

The business’s 50 day moving average price is $42.71 and its two-hundred day moving average price is $43.09.

Institutional Trading of Fidelity Investment Grade Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada bought a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter valued at approximately $52,000. Bank of Montreal Can raised its position in shares of Fidelity Investment Grade Bond ETF by 20.2% in the 4th quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock worth $60,000 after acquiring an additional 230 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new position in shares of Fidelity Investment Grade Bond ETF in the 4th quarter valued at approximately $76,000. Cerity Partners LLC purchased a new position in shares of Fidelity Investment Grade Bond ETF in the 4th quarter valued at approximately $204,000. Finally, LPL Financial LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF during the fourth quarter valued at approximately $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.