Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC)’s share price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $42.39 and traded as low as $42.16. Fidelity Investment Grade Securitized ETF shares last traded at $42.18, with a volume of 255,293 shares trading hands.

Fidelity Investment Grade Securitized ETF Stock Down 0.9%

The firm’s 50 day moving average price is $42.39 and its two-hundred day moving average price is $43.53.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in Fidelity Investment Grade Securitized ETF by 12.7% in the first quarter. Cetera Investment Advisers now owns 385,166 shares of the company’s stock valued at $16,886,000 after acquiring an additional 43,405 shares during the last quarter. Citadel Advisors LLC purchased a new position in Fidelity Investment Grade Securitized ETF in the second quarter worth approximately $11,071,000. Global Wealth Strategies & Associates increased its stake in Fidelity Investment Grade Securitized ETF by 12.9% during the second quarter. Global Wealth Strategies & Associates now owns 213,061 shares of the company’s stock worth $9,341,000 after acquiring an additional 24,332 shares during the last quarter. Midwest Financial Network LLC increased its stake in Fidelity Investment Grade Securitized ETF by 169.8% during the third quarter. Midwest Financial Network LLC now owns 94,116 shares of the company’s stock worth $3,930,000 after acquiring an additional 59,229 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Fidelity Investment Grade Securitized ETF during the first quarter worth $2,903,000.

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.