Cullen Frost Bankers Inc. Grows Position in Fidelity Corporate Bond ETF (NYSEARCA:FCOR)

Cullen Frost Bankers Inc. raised its holdings in shares of Fidelity Corporate Bond ETF (NYSEARCA:FCOR) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,870 shares of the company’s stock after buying an additional 5,370 shares during the quarter. Cullen Frost Bankers Inc. owned about 0.32% of Fidelity Corporate Bond ETF worth $690,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Jones Financial Companies Lllp grew its holdings in shares of Fidelity Corporate Bond ETF by 266.5% during the fourth quarter. Jones Financial Companies Lllp now owns 733 shares of the company’s stock worth $34,000 after buying an additional 533 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Fidelity Corporate Bond ETF during the 4th quarter valued at about $160,000. Kovack Advisors Inc. acquired a new position in shares of Fidelity Corporate Bond ETF during the 4th quarter valued at about $289,000. Millington Financial Advisors LLC boosted its position in shares of Fidelity Corporate Bond ETF by 23.9% during the 4th quarter. Millington Financial Advisors LLC now owns 43,399 shares of the company’s stock valued at $2,014,000 after acquiring an additional 8,366 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Fidelity Corporate Bond ETF by 14.5% during the 4th quarter. IFP Advisors Inc now owns 16,270 shares of the company’s stock valued at $755,000 after acquiring an additional 2,059 shares during the last quarter.

Fidelity Corporate Bond ETF Price Performance

Shares of FCOR stock opened at $46.89 on Friday. The company’s 50-day moving average price is $46.54 and its 200-day moving average price is $47.20. Fidelity Corporate Bond ETF has a twelve month low of $44.98 and a twelve month high of $49.09.

Fidelity Corporate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, February 27th were given a dividend of $0.166 per share. The ex-dividend date was Thursday, February 27th.

About Fidelity Corporate Bond ETF

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.