Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Strong Trading Volume – Time to Buy?

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shares saw an uptick in trading volume on Wednesday . 743,325 shares were traded during mid-day trading, an increase of 136% from the previous session’s volume of 315,447 shares.The stock last traded at $43.43 and had previously closed at $43.40.

Fidelity Investment Grade Securitized ETF Stock Up 0.2 %

The firm has a fifty day simple moving average of $42.86 and a 200 day simple moving average of $43.20.

Fidelity Investment Grade Securitized ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th were issued a $0.126 dividend. The ex-dividend date of this dividend was Thursday, February 27th.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Fidelity Investment Grade Securitized ETF in the 4th quarter worth approximately $45,000. Fisher Asset Management LLC bought a new position in Fidelity Investment Grade Securitized ETF in the 4th quarter valued at $357,000. Renaissance Technologies LLC bought a new position in Fidelity Investment Grade Securitized ETF in the 4th quarter valued at $472,000. Citadel Advisors LLC boosted its position in Fidelity Investment Grade Securitized ETF by 13.7% in the 4th quarter. Citadel Advisors LLC now owns 27,998 shares of the company’s stock valued at $1,190,000 after buying an additional 3,371 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in Fidelity Investment Grade Securitized ETF in the 3rd quarter valued at $1,312,000.

About Fidelity Investment Grade Securitized ETF

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.