Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Hits New 52-Week Low – Here’s Why

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $42.80 and last traded at $42.7940, with a volume of 2910 shares traded. The stock had previously closed at $43.19.

Fidelity Investment Grade Securitized ETF Price Performance

The business has a 50 day moving average price of $43.41 and a 200 day moving average price of $43.81.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers boosted its stake 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 valued at $16,886,000 after purchasing an additional 43,405 shares in the last quarter. Citadel Advisors LLC acquired a new position in Fidelity Investment Grade Securitized ETF in the second quarter valued at about $11,071,000. Global Wealth Strategies & Associates boosted its position in Fidelity Investment Grade Securitized ETF by 12.9% in the second quarter. Global Wealth Strategies & Associates now owns 213,061 shares of the company’s stock valued at $9,341,000 after buying an additional 24,332 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Fidelity Investment Grade Securitized ETF by 1,860.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 142,653 shares of the company’s stock worth $6,295,000 after buying an additional 135,377 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Fidelity Investment Grade Securitized ETF during the first quarter worth about $2,903,000.

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.