Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Stock Jumps 0.1% – Here’s What Happened

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) shot up 0.1% during trading on Thursday. The stock traded as high as $45.69 and last traded at $45.61. Approximately 51,327 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 43,387 shares. The stock had previously closed at $45.56.

Fidelity Corporate Bond ETF Stock Performance

The business’s 50-day moving average is $45.35 and its two-hundred day moving average is $46.76.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc raised its position in shares of Fidelity Corporate Bond ETF by 2.6% during the 3rd quarter. IFP Advisors Inc now owns 12,334 shares of the company’s stock worth $551,000 after purchasing an additional 314 shares during the period. PNC Financial Services Group Inc. boosted its position in Fidelity Corporate Bond ETF by 4.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock valued at $537,000 after purchasing an additional 492 shares during the period. Arwa LLC grew its stake in Fidelity Corporate Bond ETF by 1.1% during the 3rd quarter. Arwa LLC now owns 46,522 shares of the company’s stock worth $2,093,000 after buying an additional 500 shares during the last quarter. Bank of America Corp DE grew its stake in Fidelity Corporate Bond ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock worth $2,841,000 after buying an additional 608 shares during the last quarter. Finally, Latitude Advisors LLC acquired a new stake in Fidelity Corporate Bond ETF in the third quarter worth $29,000.

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.