Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Hits New 12-Month Low – Time to Sell?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) hit a new 52-week low during mid-day trading on Thursday . The stock 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 Stock Performance

The business’s 50 day moving average price is $42.73 and its 200 day moving average price is $43.10.

Institutional Investors Weigh In On Fidelity Investment Grade Bond ETF

Several institutional investors have recently bought and sold shares of FIGB. Royal Bank of Canada purchased a new stake in Fidelity Investment Grade Bond ETF during the 4th quarter worth approximately $52,000. Bank of Montreal Can lifted its position in shares of Fidelity Investment Grade Bond ETF by 20.2% in the fourth quarter. Bank of Montreal Can now owns 1,371 shares of the company’s stock valued at $60,000 after acquiring an additional 230 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter worth approximately $76,000. Cerity Partners LLC acquired a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter worth approximately $204,000. Finally, LPL Financial LLC acquired a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter worth approximately $239,000.

About Fidelity Investment Grade Bond ETF

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.