Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Trading Up 1.1%

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB – Get Rating) shares were up 1.1% during trading on Friday . The company traded as high as $43.06 and last traded at $43.00. Approximately 2,243 shares were traded during trading, a decline of 31% from the average daily volume of 3,260 shares. The stock had previously closed at $42.54.

Fidelity Investment Grade Bond ETF Stock Performance

The stock has a 50 day moving average of $43.19 and a 200 day moving average of $42.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG grew its stake in shares of Fidelity Investment Grade Bond ETF by 94.3% in the second quarter. UBS Group AG now owns 579 shares of the company’s stock worth $26,000 after purchasing an additional 281 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Fidelity Investment Grade Bond ETF by 887.4% in the first quarter. Royal Bank of Canada now owns 3,604 shares of the company’s stock worth $169,000 after purchasing an additional 3,239 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Fidelity Investment Grade Bond ETF by 64.8% in the first quarter. Advisor Group Holdings Inc. now owns 6,165 shares of the company’s stock worth $290,000 after purchasing an additional 2,425 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Fidelity Investment Grade Bond ETF in the fourth quarter worth $1,307,000. Finally, Jane Street Group LLC bought a new position in Fidelity Investment Grade Bond ETF during the first quarter valued at about $1,350,000.

Fidelity Investment Grade Bond ETF Company Profile

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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.