Kovack Advisors Inc. Cuts Stock Position in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB)

Kovack Advisors Inc. reduced its stake in Fidelity Investment Grade Bond ETF (NYSEARCA:FIGB) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,226 shares of the company’s stock after selling 366 shares during the period. Kovack Advisors Inc.’s holdings in Fidelity Investment Grade Bond ETF were worth $391,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Fidelity Investment Grade Bond ETF by 1,246.5% in the third quarter. FMR LLC now owns 956 shares of the company’s stock worth $42,000 after buying an additional 885 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Fidelity Investment Grade Bond ETF during the 4th quarter worth approximately $74,000. Flow Traders U.S. LLC boosted its holdings in Fidelity Investment Grade Bond ETF by 29.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 10,478 shares of the company’s stock worth $462,000 after acquiring an additional 2,407 shares during the period. Peterson Wealth Advisors LLC grew its position in Fidelity Investment Grade Bond ETF by 210.1% in the fourth quarter. Peterson Wealth Advisors LLC now owns 15,570 shares of the company’s stock valued at $658,000 after acquiring an additional 10,549 shares in the last quarter. Finally, Bill Few Associates Inc. grew its position in Fidelity Investment Grade Bond ETF by 18.9% in the fourth 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 in the last quarter.

Fidelity Investment Grade Bond ETF Stock Up 0.9 %

FIGB opened at $43.26 on Friday. Fidelity Investment Grade Bond ETF has a twelve month low of $41.19 and a twelve month high of $45.17. The company has a fifty day simple moving average of $42.38 and a 200 day simple moving average of $43.08.

Fidelity Investment Grade Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th will be paid a dividend of $0.131 per share. The ex-dividend date is Thursday, February 27th.

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.