Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw strong 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 Trading Up 0.3%

The business has a fifty day moving average price of $41.92 and a 200-day moving average price of $42.55.

Institutional Trading of Fidelity Investment Grade Bond ETF

Several hedge funds have recently bought and sold shares of FIGB. Clarity Retirement & Wealth LLC purchased a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter worth $8,351,000. Heartland Bank & Trust Co bought a new position in Fidelity Investment Grade Bond ETF during the second quarter valued at $48,585,000. Anson Capital Inc. raised its holdings in shares of Fidelity Investment Grade Bond ETF by 6.8% in the second quarter. Anson Capital Inc. now owns 219,198 shares of the company’s stock worth $9,388,000 after buying an additional 13,988 shares during the period. Envestnet Asset Management Inc. grew its stake in 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 acquiring an additional 22,363 shares in the last quarter. Finally, Elevation Wealth Management LLC increased its stake in shares of Fidelity Investment Grade Bond ETF by 4.9% during the second quarter. Elevation Wealth Management LLC now owns 7,334 shares of the company’s stock valued at $315,000 after buying an additional 345 shares during the period.

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.