Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Hits New 1-Year Low – Here’s What Happened

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSECGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $42.48 and last traded at $42.49, with a volume of 17655 shares changing hands. The stock had previously closed at $42.72.

Fidelity Investment Grade Securitized ETF Price Performance

The company has a 50-day simple moving average of $43.27 and a two-hundred day simple moving average of $43.71.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FSEC. RCS Financial Planning LLC bought a new stake in Fidelity Investment Grade Securitized ETF in the first quarter worth about $1,191,000. Midwest Financial Network LLC grew its position in shares of Fidelity Investment Grade Securitized ETF by 113.2% during the 2nd quarter. Midwest Financial Network LLC now owns 34,887 shares of the company’s stock valued at $1,529,000 after acquiring an additional 18,527 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF during the 1st quarter valued at approximately $2,903,000. Citadel Advisors LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the 2nd quarter worth approximately $11,071,000. Finally, Cetera Investment Advisers raised its holdings in shares of Fidelity Investment Grade Securitized ETF by 12.7% in the 1st quarter. Cetera Investment Advisers now owns 385,166 shares of the company’s stock worth $16,886,000 after purchasing an additional 43,405 shares during the period.

Fidelity Investment Grade Securitized ETF Company Profile

(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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