Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Large Volume Increase – Here’s Why

Shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw unusually-strong trading volume on Tuesday . Approximately 5,267,869 shares traded 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 Price Performance

The stock’s 50 day simple moving average is $43.01 and its two-hundred day simple moving average is $43.18.

Fidelity Investment Grade Securitized ETF Cuts Dividend

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

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

Several hedge funds have recently added to or reduced their stakes in FSEC. Fisher Asset Management LLC bought a new stake in Fidelity Investment Grade Securitized ETF in the fourth quarter valued at approximately $357,000. FMR LLC grew its stake in Fidelity Investment Grade Securitized ETF by 77,445.4% in the third quarter. FMR LLC now owns 24,814,532 shares of the company’s stock valued at $1,099,780,000 after acquiring an additional 24,782,532 shares during the period. MML Investors Services LLC acquired a new position in Fidelity Investment Grade Securitized ETF in the third quarter valued at about $1,312,000. Bank of America Corp DE bought a new stake in shares of Fidelity Investment Grade Securitized ETF in the fourth quarter worth about $45,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF during the fourth quarter worth about $2,140,000.

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.