Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Large Volume Increase – Still a Buy?

Shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw strong trading volume on Friday . 304,841 shares were traded during trading, an increase of 6% from the previous session’s volume of 287,324 shares.The stock last traded at $44.2290 and had previously closed at $44.26.

Fidelity Investment Grade Securitized ETF Stock Performance

The company’s 50-day moving average price is $44.37 and its two-hundred day moving average price is $44.13.

Institutional Trading of Fidelity Investment Grade Securitized ETF

Several institutional investors have recently made changes to their positions in FSEC. Integrity Alliance LLC. increased its stake in Fidelity Investment Grade Securitized ETF by 14.5% in the 2nd quarter. Integrity Alliance LLC. now owns 85,715 shares of the company’s stock valued at $3,734,000 after buying an additional 10,873 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Fidelity Investment Grade Securitized ETF by 25.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 66,495 shares of the company’s stock worth $2,938,000 after acquiring an additional 13,542 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Fidelity Investment Grade Securitized ETF by 97.4% in the second quarter. Jane Street Group LLC now owns 57,825 shares of the company’s stock worth $2,519,000 after acquiring an additional 28,525 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Fidelity Investment Grade Securitized ETF during the third quarter valued at $2,076,000. Finally, JPMorgan Chase & Co. boosted its position in Fidelity Investment Grade Securitized ETF by 93.7% during the third quarter. JPMorgan Chase & Co. now owns 36,904 shares of the company’s stock valued at $1,627,000 after purchasing an additional 17,855 shares during the last quarter.

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.