Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Up 0.1% – Still a Buy?

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) traded up 0.1% on Thursday. The company traded as high as $44.78 and last traded at $44.70. 81,446 shares traded hands during trading, an increase of 100% from the average daily volume of 40,716 shares. The stock had previously closed at $44.64.

Fidelity Corporate Bond ETF Price Performance

The firm has a 50 day simple moving average of $45.98 and a 200-day simple moving average of $46.74.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in FCOR. Kestra Advisory Services LLC lifted its holdings in Fidelity Corporate Bond ETF by 48.4% during the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock valued at $16,854,000 after purchasing an additional 116,695 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Fidelity Corporate Bond ETF by 15.3% in the first quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock valued at $11,127,000 after purchasing an additional 31,357 shares during the last quarter. Salus Financial Advisors LLC raised its position in shares of Fidelity Corporate Bond ETF by 8.2% in the first quarter. Salus Financial Advisors LLC now owns 157,664 shares of the company’s stock valued at $7,431,000 after purchasing an additional 11,928 shares during the period. Bank of America Corp DE lifted its stake in shares of Fidelity Corporate Bond ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock worth $2,841,000 after buying an additional 608 shares during the last quarter. Finally, Arwa LLC acquired a new stake in shares of Fidelity Corporate Bond ETF during the 4th quarter worth about $1,689,000.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.