Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Strong Trading Volume – Should You Buy?

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) shares saw an uptick in trading volume on Thursday . 1,147,984 shares traded hands during mid-day trading, an increase of 284% from the previous session’s volume of 298,690 shares.The stock last traded at $44.2850 and had previously closed at $44.33.

Fidelity Investment Grade Securitized ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $44.39 and a two-hundred day simple moving average of $44.10.

Institutional Trading of Fidelity Investment Grade Securitized ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSEC. Flow Traders U.S. LLC acquired a new stake in shares of Fidelity Investment Grade Securitized ETF during the third quarter worth about $2,076,000. Goldman Sachs Group Inc. purchased a new stake in shares of Fidelity Investment Grade Securitized ETF during the first quarter worth approximately $1,384,000. Jane Street Group LLC lifted its holdings in shares of Fidelity Investment Grade Securitized ETF by 97.4% during the second quarter. Jane Street Group LLC now owns 57,825 shares of the company’s stock worth $2,519,000 after purchasing an additional 28,525 shares during the period. Envestnet Asset Management Inc. grew its position in Fidelity Investment Grade Securitized ETF by 182.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 31,823 shares of the company’s stock valued at $1,403,000 after buying an additional 20,556 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Fidelity Investment Grade Securitized ETF by 93.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,904 shares of the company’s stock valued at $1,627,000 after buying an additional 17,855 shares during the period.

Fidelity Investment Grade Securitized ETF Company Profile

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.