Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Trading 0.1% Higher – Should You Buy?

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

Fidelity Investment Grade Securitized ETF Stock Performance

The company has a 50 day simple moving average of $42.85 and a 200 day simple moving average of $43.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fidelity Investment Grade Securitized ETF stock. MML Investors Services LLC bought a new stake in Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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.

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.