Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Reaches New 1-Year Low – What’s Next?

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

Fidelity Investment Grade Securitized ETF Price Performance

The firm has a 50-day moving average of $43.46 and a 200 day moving average of $43.83.

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 the business. Advisory Services Network LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF during the 3rd quarter valued at about $27,000. Bank of America Corp DE acquired a new position in Fidelity Investment Grade Securitized ETF in the fourth quarter worth about $45,000. Raymond James Financial Inc. acquired a new position in Fidelity Investment Grade Securitized ETF in the second quarter worth about $52,000. EP Wealth Advisors LLC bought a new position in Fidelity Investment Grade Securitized ETF during the second quarter worth about $102,000. Finally, Allworth Financial LP lifted its stake in Fidelity Investment Grade Securitized ETF by 42.1% during the second quarter. Allworth Financial LP now owns 2,629 shares of the company’s stock worth $115,000 after purchasing an additional 779 shares during the period.

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.