Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) 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 changing hands.

Fidelity Investment Grade Bond ETF Price Performance

The firm has a fifty day moving average of $43.33 and a 200 day moving average of $43.17.

Institutional Trading of Fidelity Investment Grade Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Investments Inc. increased its position in Fidelity Investment Grade Bond ETF by 0.8% during the second quarter. Harbour Investments Inc. now owns 30,508 shares of the company’s stock worth $1,295,000 after purchasing an additional 253 shares during the last quarter. Bill Few Associates Inc. increased its holdings in shares of Fidelity Investment Grade Bond ETF by 1.8% during the 3rd quarter. Bill Few Associates Inc. now owns 21,705 shares of the company’s stock worth $956,000 after buying an additional 393 shares during the last quarter. FMR LLC raised its position in shares of Fidelity Investment Grade Bond ETF by 1,246.5% during the 3rd quarter. FMR LLC now owns 956 shares of the company’s stock valued at $42,000 after buying an additional 885 shares during the period. OmniStar Financial Group Inc. lifted its holdings in Fidelity Investment Grade Bond ETF by 6.1% in the second quarter. OmniStar Financial Group Inc. now owns 22,729 shares of the company’s stock valued at $965,000 after acquiring an additional 1,306 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Fidelity Investment Grade Bond ETF by 13.5% in the second quarter. Commonwealth Equity Services LLC now owns 18,872 shares of the company’s stock worth $801,000 after acquiring an additional 2,244 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.