Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Hits New 1-Year Low – Here’s What Happened

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGBGet Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $42.08 and last traded at $42.08, with a volume of 1106 shares changing hands. The stock had previously closed at $42.42.

Fidelity Investment Grade Bond ETF Price Performance

The firm’s fifty day simple moving average is $42.73 and its 200 day simple moving average is $43.10.

Institutional Trading of Fidelity Investment Grade Bond ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in Fidelity Investment Grade Bond ETF by 121.1% during the first quarter. Jane Street Group LLC now owns 33,656 shares of the company’s stock worth $1,447,000 after acquiring an additional 18,436 shares during the period. JPMorgan Chase & Co. boosted its position in Fidelity Investment Grade Bond ETF by 334.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 23,097 shares of the company’s stock worth $998,000 after purchasing an additional 17,781 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Fidelity Investment Grade Bond ETF in the 3rd quarter worth approximately $1,997,000. Trust Investment Advisors purchased a new stake in Fidelity Investment Grade Bond ETF in the 4th quarter worth approximately $469,000. Finally, Planning Directions Inc. grew its stake in shares of Fidelity Investment Grade Bond ETF by 40.3% during the 4th quarter. Planning Directions Inc. now owns 6,578 shares of the company’s stock worth $286,000 after purchasing an additional 1,888 shares during the period.

About Fidelity Investment Grade Bond ETF

(Get Free Report)

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.

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