Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Strong Trading Volume – Here’s What Happened

Shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw unusually-strong trading volume on Tuesday . Approximately 5,267,869 shares changed hands during mid-day trading, an increase of 1,318% from the previous session’s volume of 371,432 shares.The stock last traded at $43.45 and had previously closed at $43.23.

Fidelity Investment Grade Securitized ETF Trading Down 0.3 %

The company has a fifty day moving average price of $43.01 and a two-hundred day moving average price of $43.18.

Fidelity Investment Grade Securitized ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were given 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew its stake in Fidelity Investment Grade Securitized ETF by 77,445.4% during the third quarter. FMR LLC now owns 24,814,532 shares of the company’s stock worth $1,099,780,000 after buying an additional 24,782,532 shares during the last quarter. MML Investors Services LLC bought a new stake in Fidelity Investment Grade Securitized ETF during the 3rd quarter worth approximately $1,312,000. Fisher Asset Management LLC acquired a new stake in Fidelity Investment Grade Securitized ETF during 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. Finally, Jane Street Group LLC acquired a new position in Fidelity Investment Grade Securitized ETF in the fourth quarter worth $4,479,000.

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.