IFP Advisors Inc Boosts Holdings in Fidelity Investment Grade Bond ETF $FIGB

IFP Advisors Inc grew its stake in shares of Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) by 132.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,315 shares of the company’s stock after acquiring an additional 16,705 shares during the quarter. IFP Advisors Inc owned about 0.47% of Fidelity Investment Grade Bond ETF worth $1,275,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FIGB. Bank of Montreal Can boosted its position in shares of Fidelity Investment Grade Bond ETF by 210.9% in the second quarter. Bank of Montreal Can now owns 1,110 shares of the company’s stock worth $48,000 after acquiring an additional 753 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Fidelity Investment Grade Bond ETF during the third quarter worth approximately $50,000. Planning Directions Inc. purchased a new position in Fidelity Investment Grade Bond ETF during the third quarter worth approximately $204,000. Arkadios Wealth Advisors purchased a new position in Fidelity Investment Grade Bond ETF during the third quarter worth approximately $207,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of Fidelity Investment Grade Bond ETF in the 3rd quarter valued at $221,000.

Fidelity Investment Grade Bond ETF Trading Down 0.9%

Shares of FIGB opened at $42.92 on Monday. Fidelity Investment Grade Bond ETF has a fifty-two week low of $41.85 and a fifty-two week high of $44.20. The company’s fifty day moving average is $43.52 and its two-hundred day moving average is $43.60.

Fidelity Investment Grade Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Thursday, February 26th were issued a $0.137 dividend. The ex-dividend date was Thursday, February 26th. This is an increase from Fidelity Investment Grade Bond ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Fidelity Investment Grade Bond ETF 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.