Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Shares Cross Above Fifty Day Moving Average – What’s Next?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $43.36 and traded as high as $43.50. Fidelity Investment Grade Bond ETF shares last traded at $43.00, with a volume of 38,415 shares trading hands.

Fidelity Investment Grade Bond ETF Trading Up 0.1 %

The company has a 50 day moving average of $43.33 and a 200 day moving average of $43.17.

Hedge Funds Weigh In On Fidelity Investment Grade Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flow Traders U.S. LLC raised its holdings in Fidelity Investment Grade Bond ETF by 29.8% in the third quarter. Flow Traders U.S. LLC now owns 10,478 shares of the company’s stock valued at $462,000 after acquiring an additional 2,407 shares in the last quarter. FMR LLC grew its holdings in Fidelity Investment Grade Bond ETF by 1,246.5% during the 3rd quarter. FMR LLC now owns 956 shares of the company’s stock worth $42,000 after acquiring an additional 885 shares in the last quarter. OmniStar Financial Group Inc. increased its position in shares of Fidelity Investment Grade Bond ETF by 152.6% in the 3rd quarter. OmniStar Financial Group Inc. now owns 57,421 shares of the company’s stock valued at $2,534,000 after purchasing an additional 34,692 shares during the last quarter. Bill Few Associates Inc. raised its holdings in shares of Fidelity Investment Grade Bond ETF by 1.8% in the 3rd quarter. Bill Few Associates Inc. now owns 21,705 shares of the company’s stock valued at $956,000 after purchasing an additional 393 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of Fidelity Investment Grade Bond ETF by 13.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,872 shares of the company’s stock worth $801,000 after purchasing an additional 2,244 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.