Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Stock Price Up 0% – Still a Buy?

Shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) were up 0% during mid-day trading on Friday . The stock traded as high as $43.51 and last traded at $43.41. Approximately 21,282 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 25,955 shares. The stock had previously closed at $43.39.

Fidelity Investment Grade Bond ETF Stock Up 0.0 %

The stock’s fifty day moving average is $43.98 and its 200-day moving average is $42.95.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bill Few Associates Inc. grew its holdings in Fidelity Investment Grade Bond ETF by 102.9% in the 2nd quarter. Bill Few Associates Inc. now owns 21,312 shares of the company’s stock valued at $904,000 after buying an additional 10,807 shares during the last quarter. Kovack Advisors Inc. bought a new stake in shares of Fidelity Investment Grade Bond ETF in the first quarter valued at approximately $349,000. Commonwealth Equity Services LLC grew its stake in shares of Fidelity Investment Grade Bond ETF by 34.4% in the first quarter. Commonwealth Equity Services LLC now owns 16,628 shares of the company’s stock worth $711,000 after acquiring an additional 4,253 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Fidelity Investment Grade Bond ETF by 30.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,137 shares of the company’s stock worth $732,000 after acquiring an additional 3,964 shares during the period. Finally, OmniStar Financial Group Inc. increased its position in Fidelity Investment Grade Bond ETF by 6.1% during the second quarter. OmniStar Financial Group Inc. now owns 22,729 shares of the company’s stock worth $965,000 after acquiring an additional 1,306 shares during the period.

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.