Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Sees Unusually-High Trading Volume – Still a Buy?

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) saw unusually-strong trading volume on Thursday . Approximately 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 Price Performance

The company has a 50-day simple moving average of $44.39 and a 200-day simple moving average of $44.10.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Integrity Alliance LLC. raised its stake in shares of 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 acquiring an additional 10,873 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Fidelity Investment Grade Securitized ETF by 25.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 66,495 shares of the company’s stock valued at $2,938,000 after buying 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 buying an additional 28,525 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Fidelity Investment Grade Securitized ETF in the third quarter valued at $2,076,000. Finally, JPMorgan Chase & Co. boosted its stake in Fidelity Investment Grade Securitized ETF by 93.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,904 shares of the company’s stock valued at $1,627,000 after acquiring an additional 17,855 shares during the last quarter.

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.