Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Reaches New 1-Year Low – What’s Next?

by · The Markets Daily

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $41.48 and last traded at $41.5090, with a volume of 325418 shares traded. The stock had previously closed at $41.69.

Fidelity Investment Grade Securitized ETF Trading Down 0.5%

The stock’s fifty day moving average price is $43.01 and its 200 day moving average price is $43.58.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Hedge funds have recently added to or reduced their stakes in the stock. Global Wealth Strategies & Associates boosted its stake in Fidelity Investment Grade Securitized ETF by 2.9% in the 3rd quarter. Global Wealth Strategies & Associates now owns 219,134 shares of the company’s stock worth $9,151,000 after purchasing an additional 6,073 shares in the last quarter. Allworth Financial LP raised its stake in Fidelity Investment Grade Securitized ETF by 42.1% during the 2nd quarter. Allworth Financial LP now owns 2,629 shares of the company’s stock valued at $115,000 after buying an additional 779 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Fidelity Investment Grade Securitized ETF during the second quarter valued at $11,071,000. Nwam LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter worth approximately $201,000. Finally, Midwest Financial Network LLC raised its position in Fidelity Investment Grade Securitized ETF by 113.2% in the second quarter. Midwest Financial Network LLC now owns 34,887 shares of the company’s stock worth $1,529,000 after acquiring an additional 18,527 shares during the period.

About Fidelity Investment Grade Securitized ETF

(Get Free Report)

The Fidelity Investment Grade Securitized ETF (FSEC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade securitized debt securities of any maturity across the broad market. FSEC was launched on Mar 2, 2021 and is managed by Fidelity.

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