Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Sees Large Volume Increase – Here’s What Happened

Shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) saw unusually-strong trading volume on Tuesday. 409,864 shares traded hands during trading, an increase of 324% from the previous session’s volume of 96,704 shares. The stock last traded at $40.84 and had previously closed at $40.73.

Fidelity Investment Grade Bond ETF Price Performance

The business’s 50-day simple moving average is $41.85 and its 200 day simple moving average is $42.51.

Institutional Trading of Fidelity Investment Grade Bond ETF

Several large investors have recently modified their holdings of the company. Elevation Wealth Management LLC grew its holdings in Fidelity Investment Grade Bond ETF by 4.9% during the second quarter. Elevation Wealth Management LLC now owns 7,334 shares of the company’s stock valued at $315,000 after purchasing an additional 345 shares during the period. Bill Few Associates Inc. increased its position in Fidelity Investment Grade Bond ETF by 2.8% in the second quarter. Bill Few Associates Inc. now owns 33,323 shares of the company’s stock worth $1,427,000 after buying an additional 893 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Fidelity Investment Grade Bond ETF by 11.6% in the first quarter. Arkadios Wealth Advisors now owns 9,151 shares of the company’s stock worth $394,000 after buying an additional 954 shares during the period. Cetera Investment Advisers raised its stake in shares of Fidelity Investment Grade Bond ETF by 2.2% in the first quarter. Cetera Investment Advisers now owns 56,753 shares of the company’s stock worth $2,443,000 after buying an additional 1,224 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Fidelity Investment Grade Bond ETF by 6.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 28,174 shares of the company’s stock valued at $1,213,000 after buying an additional 1,695 shares in the last quarter.

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.