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

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shares saw unusually-strong trading volume on Tuesday . 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 Stock Performance

The company has a 50 day moving average of $42.96 and a two-hundred day moving average of $43.18.

Fidelity Investment Grade Securitized ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FSEC. FMR LLC increased its stake in shares of Fidelity Investment Grade Securitized ETF by 186.9% in the fourth quarter. FMR LLC now owns 71,194,035 shares of the company’s stock worth $3,025,853,000 after acquiring an additional 46,379,503 shares during the period. Jane Street Group LLC acquired a new stake in Fidelity Investment Grade Securitized ETF during the 4th quarter worth about $4,479,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Fidelity Investment Grade Securitized ETF in the 4th quarter valued at about $2,140,000. MML Investors Services LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF in the third quarter worth about $1,312,000. Finally, Renaissance Technologies LLC acquired a new stake in Fidelity Investment Grade Securitized ETF during the fourth quarter worth about $472,000.

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.