Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Trading Up 0.1% – Still a Buy?

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shot up 0.1% during trading on Thursday . The stock traded as high as $42.33 and last traded at $42.30. 3,421,733 shares were traded during mid-day trading, an increase of 352% from the average session volume of 757,707 shares. The stock had previously closed at $42.27.

Fidelity Investment Grade Securitized ETF Stock Performance

The stock has a 50-day moving average price of $42.85 and a two-hundred day moving average price of $43.20.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

A hedge fund recently bought a new stake in Fidelity Investment Grade Securitized ETF stock. MML Investors Services LLC purchased a new position in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,602 shares of the company’s stock, valued at approximately $1,312,000. MML Investors Services LLC owned approximately 39.47% of Fidelity Investment Grade Securitized ETF as of its most recent SEC filing.

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.