Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Down 0.2% – Here’s Why

Fidelity Corporate Bond ETF (NYSEARCA:FCOR)’s stock price dropped 0.2% on Friday . The stock traded as low as $46.14 and last traded at $46.17. Approximately 76,028 shares changed hands during trading, an increase of 97% from the average daily volume of 38,534 shares. The stock had previously closed at $46.27.

Fidelity Corporate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $46.73 and its 200 day simple moving average is $47.22.

Hedge Funds Weigh In On Fidelity Corporate Bond ETF

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in Fidelity Corporate Bond ETF in the 1st quarter worth about $39,000. Sunbelt Securities Inc. lifted its stake in Fidelity Corporate Bond ETF by 8,233.3% in the third quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock worth $48,000 after purchasing an additional 988 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Fidelity Corporate Bond ETF during the third quarter valued at approximately $76,000. Royal Bank of Canada boosted its position in shares of Fidelity Corporate Bond ETF by 41.5% during the first quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after buying an additional 1,691 shares during the period. Finally, Private Advisor Group LLC bought a new position in shares of Fidelity Corporate Bond ETF during the third quarter valued at approximately $276,000.

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.