Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Stock Price Down 0.5% – Time to Sell?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)’s stock price fell 0.5% on Tuesday . The company traded as low as $42.82 and last traded at $42.83. Approximately 64,364 shares changed hands during trading, a decline of 25% from the average session volume of 85,985 shares. The stock had previously closed at $43.03.

Fidelity Investment Grade Bond ETF Stock Performance

The stock has a 50 day simple moving average of $42.89 and a 200 day simple moving average of $43.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Heartland Bank & Trust Co bought a new position in shares of Fidelity Investment Grade Bond ETF in the first quarter valued at approximately $47,974,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Fidelity Investment Grade Bond ETF by 1,534,246.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 460,304 shares of the company’s stock valued at $19,991,000 after acquiring an additional 460,274 shares during the period. Osaic Holdings Inc. boosted its stake in Fidelity Investment Grade Bond ETF by 69.9% during the fourth quarter. Osaic Holdings Inc. now owns 198,785 shares of the company’s stock worth $8,633,000 after buying an additional 81,750 shares in the last quarter. Clarity Retirement & Wealth LLC bought a new stake in shares of Fidelity Investment Grade Bond ETF in the 4th quarter valued at approximately $8,351,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fidelity Investment Grade Bond ETF by 4.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 118,373 shares of the company’s stock worth $5,140,000 after purchasing an additional 5,052 shares during the last quarter.

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.