Envestnet Asset Management Inc. Makes New Investment in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)

Envestnet Asset Management Inc. acquired a new stake in shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 31,731 shares of the company’s stock, valued at approximately $1,344,000. Envestnet Asset Management Inc. owned approximately 2.05% of Fidelity Investment Grade Bond ETF at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. PKS Advisory Services LLC acquired a new position in Fidelity Investment Grade Bond ETF during the fourth quarter worth $1,548,000. Bill Few Associates Inc. boosted its position in shares of Fidelity Investment Grade Bond ETF by 18.9% during the 4th quarter. Bill Few Associates Inc. now owns 25,807 shares of the company’s stock valued at $1,093,000 after acquiring an additional 4,102 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Fidelity Investment Grade Bond ETF in the fourth quarter valued at about $1,374,000. Commonwealth Equity Services LLC increased its position in Fidelity Investment Grade Bond ETF by 85.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 56,053 shares of the company’s stock worth $2,373,000 after purchasing an additional 25,752 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Fidelity Investment Grade Bond ETF by 921.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 31,393 shares of the company’s stock worth $1,329,000 after purchasing an additional 28,321 shares during the period.

Fidelity Investment Grade Bond ETF Price Performance

Fidelity Investment Grade Bond ETF stock opened at $42.95 on Wednesday. The firm has a 50 day simple moving average of $42.85 and a 200-day simple moving average of $42.72. Fidelity Investment Grade Bond ETF has a 1-year low of $41.19 and a 1-year high of $45.17.

Fidelity Investment Grade Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 28th were paid a dividend of $0.131 per share. The ex-dividend date of this dividend was Friday, March 28th.

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.