Virtus Wealth Solutions LLC Takes Position in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)

Virtus Wealth Solutions LLC bought a new position in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,298 shares of the company’s stock, valued at approximately $224,000. Virtus Wealth Solutions LLC owned approximately 0.34% of Fidelity Investment Grade Bond ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FIGB. FMR LLC grew its holdings in shares of Fidelity Investment Grade Bond ETF by 1,246.5% in the 3rd quarter. FMR LLC now owns 956 shares of the company’s stock worth $42,000 after acquiring an additional 885 shares during the last quarter. Peterson Wealth Advisors LLC boosted its position in shares of Fidelity Investment Grade Bond ETF by 210.1% in the 4th quarter. Peterson Wealth Advisors LLC now owns 15,570 shares of the company’s stock valued at $658,000 after purchasing an additional 10,549 shares during the period. Bill Few Associates Inc. increased its stake in Fidelity Investment Grade Bond ETF by 18.9% in the 4th quarter. Bill Few Associates Inc. now owns 25,807 shares of the company’s stock worth $1,093,000 after purchasing an additional 4,102 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Fidelity Investment Grade Bond ETF by 23.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 194,623 shares of the company’s stock worth $8,240,000 after buying an additional 36,691 shares during the period. Finally, MidAtlantic Capital Management Inc. acquired a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter worth about $74,000.

Fidelity Investment Grade Bond ETF Trading Down 0.8 %

Shares of FIGB opened at $42.10 on Friday. The company has a 50-day moving average of $42.82 and a two-hundred day moving average of $42.82. Fidelity Investment Grade Bond ETF has a one year low of $41.19 and a one year high of $45.17.

Fidelity Investment Grade Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 28th were given a $0.131 dividend. The ex-dividend date of this dividend was Friday, March 28th.

Fidelity Investment Grade Bond ETF 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.