Kovack Advisors Inc. Purchases Shares of 6,232 Fidelity Corporate Bond ETF (NYSEARCA:FCOR)

Kovack Advisors Inc. purchased a new stake in shares of Fidelity Corporate Bond ETF (NYSEARCA:FCOR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,232 shares of the company’s stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. FMR LLC boosted its stake in shares of Fidelity Corporate Bond ETF by 150.9% during the third quarter. FMR LLC now owns 567 shares of the company’s stock valued at $27,000 after purchasing an additional 341 shares during the period. Spire Wealth Management purchased a new stake in shares of Fidelity Corporate Bond ETF during the fourth quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Fidelity Corporate Bond ETF during the fourth quarter valued at approximately $212,000. Sigma Planning Corp boosted its stake in shares of Fidelity Corporate Bond ETF by 9.4% during the fourth quarter. Sigma Planning Corp now owns 5,329 shares of the company’s stock valued at $247,000 after purchasing an additional 456 shares during the period. Finally, Stratos Investment Management LLC purchased a new stake in shares of Fidelity Corporate Bond ETF during the fourth quarter valued at approximately $294,000.

Fidelity Corporate Bond ETF Price Performance

NYSEARCA:FCOR opened at $47.27 on Friday. Fidelity Corporate Bond ETF has a fifty-two week low of $44.98 and a fifty-two week high of $49.09. The business has a 50 day moving average price of $46.47 and a 200-day moving average price of $47.22.

Fidelity Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.166 per share. The ex-dividend date of this dividend is Thursday, February 27th.

Fidelity Corporate Bond ETF Company Profile

The Fidelity Corporate Bond ETF (FCOR) is an exchange-traded fund that is based on the Bloomberg U.S. Credit Bond index. The fund is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. FCOR was launched on Oct 6, 2014 and is managed by Fidelity.