Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Reaches New 1-Year Low – Here’s Why

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $42.48 and last traded at $42.62, with a volume of 513780 shares changing hands. The stock had previously closed at $42.64.

Fidelity Investment Grade Securitized ETF Price Performance

The firm has a fifty day simple moving average of $43.32 and a two-hundred day simple moving average of $43.75.

Institutional Trading of Fidelity Investment Grade Securitized ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSEC. Allworth Financial LP boosted its holdings in Fidelity Investment Grade Securitized ETF by 42.1% in the second quarter. Allworth Financial LP now owns 2,629 shares of the company’s stock valued at $115,000 after acquiring an additional 779 shares in the last quarter. Citadel Advisors LLC bought a new position in Fidelity Investment Grade Securitized ETF in the 2nd quarter worth $11,071,000. Nwam LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF in the 2nd quarter worth about $201,000. Midwest Financial Network LLC lifted its position in shares of Fidelity Investment Grade Securitized ETF by 113.2% in the 2nd quarter. Midwest Financial Network LLC now owns 34,887 shares of the company’s stock worth $1,529,000 after purchasing an additional 18,527 shares during the period. Finally, RDA Financial Network boosted its stake in shares of Fidelity Investment Grade Securitized ETF by 77.7% during the 2nd quarter. RDA Financial Network now owns 8,458 shares of the company’s stock valued at $371,000 after purchasing an additional 3,697 shares in the last quarter.

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.