Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Shares Down 0.3%

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shares dropped 0.3% during trading on Friday . The company traded as low as $41.26 and last traded at $41.26. Approximately 503 shares were traded during trading, an increase of 51% from the average daily volume of 333 shares. The stock had previously closed at $41.38.

Fidelity Investment Grade Securitized ETF Stock Performance

The company has a 50-day moving average of $41.72 and a 200 day moving average of $42.34.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Fidelity Investment Grade Securitized ETF by 15.4% during the first quarter. Jane Street Group LLC now owns 44,836 shares of the company’s stock worth $2,087,000 after purchasing an additional 5,985 shares during the last quarter. Osaic Holdings Inc. bought a new stake in Fidelity Investment Grade Securitized ETF in the 2nd quarter worth approximately $287,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Fidelity Investment Grade Securitized ETF in the second quarter worth approximately $286,000.

Fidelity Investment Grade Securitized ETF Company Profile

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.