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

Shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw an uptick in trading volume on Tuesday. 409,864 shares changed hands during mid-day trading, an increase of 324% from the previous session’s volume of 96,704 shares. The stock last traded at $40.84 and had previously closed at $40.73.

Fidelity Investment Grade Bond ETF Stock Performance

The company’s 50 day moving average is $41.92 and its 200-day moving average is $42.55.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Fidelity Investment Grade Bond ETF by 44.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 72,888 shares of the company’s stock worth $3,122,000 after buying an additional 22,363 shares during the last quarter. IFP Advisors Inc grew its position in Fidelity Investment Grade Bond ETF by 19.8% in the second quarter. IFP Advisors Inc now owns 33,862 shares of the company’s stock worth $1,450,000 after acquiring an additional 5,595 shares in the last quarter. Anson Capital Inc. boosted its stake in shares of Fidelity Investment Grade Bond ETF by 6.8% in the 2nd quarter. Anson Capital Inc. now owns 219,198 shares of the company’s stock valued at $9,388,000 after purchasing an additional 13,988 shares in the last quarter. Elevation Wealth Management LLC increased its stake in Fidelity Investment Grade Bond ETF by 4.9% in the 2nd quarter. Elevation Wealth Management LLC now owns 7,334 shares of the company’s stock worth $315,000 after purchasing an additional 345 shares during the period. Finally, Heartland Bank & Trust Co purchased a new position in shares of Fidelity Investment Grade Bond ETF in the second quarter valued at about $48,585,000.

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.