Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Large Volume Increase – Should You Buy?

Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw strong trading volume on Thursday . 186,811 shares were traded during mid-day trading, an increase of 124% from the previous session’s volume of 83,263 shares.The stock last traded at $42.62 and had previously closed at $42.65.

Fidelity Investment Grade Bond ETF Stock Performance

The firm has a 50-day simple moving average of $42.78 and a 200 day simple moving average of $43.16.

Institutional Inflows and Outflows

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

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.