Valmark Advisers Inc. Sells 2,427 Shares of Fidelity Corporate Bond ETF (NYSEARCA:FCOR)

Valmark Advisers Inc. trimmed its position in shares of Fidelity Corporate Bond ETF (NYSEARCA:FCOR) by 5.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 39,120 shares of the company’s stock after selling 2,427 shares during the quarter. Valmark Advisers Inc.’s holdings in Fidelity Corporate Bond ETF were worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Eastern Bank acquired a new stake in shares of Fidelity Corporate Bond ETF during the 3rd quarter worth approximately $68,000. Cullen Frost Bankers Inc. boosted its stake in Fidelity Corporate Bond ETF by 44.1% during the second quarter. Cullen Frost Bankers Inc. now owns 4,800 shares of the company’s stock worth $221,000 after buying an additional 1,469 shares in the last quarter. PFG Investments LLC bought a new stake in Fidelity Corporate Bond ETF in the 3rd quarter valued at $267,000. J.W. Cole Advisors Inc. raised its stake in shares of Fidelity Corporate Bond ETF by 9.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 6,042 shares of the company’s stock valued at $278,000 after buying an additional 521 shares in the last quarter. Finally, Creative Planning bought a new position in shares of Fidelity Corporate Bond ETF during the 2nd quarter worth about $313,000.

Fidelity Corporate Bond ETF Price Performance

NYSEARCA FCOR opened at $47.15 on Wednesday. Fidelity Corporate Bond ETF has a twelve month low of $42.59 and a twelve month high of $49.09. The company’s 50-day simple moving average is $48.00 and its 200 day simple moving average is $46.94.

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.