Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Trading 0.1% Higher – Here’s Why

Fidelity Corporate Bond ETF (NYSEARCA:FCOR)’s share price rose 0.1% during mid-day trading on Friday . The stock traded as high as $48.24 and last traded at $48.23. Approximately 14,271 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 33,469 shares. The stock had previously closed at $48.17.

Fidelity Corporate Bond ETF Trading Up 0.1%

The business’s 50 day simple moving average is $48.13 and its 200 day simple moving average is $47.76.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FCOR. Sunbelt Securities Inc. boosted its holdings in Fidelity Corporate Bond ETF by 8,233.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,000 shares of the company’s stock worth $48,000 after buying an additional 988 shares during the period. Cornerstone Planning Group LLC purchased a new position in shares of Fidelity Corporate Bond ETF in the third quarter valued at about $50,000. Advisory Services Network LLC purchased a new position in shares of Fidelity Corporate Bond ETF in the third quarter valued at about $76,000. Asset Dedication LLC bought a new position in shares of Fidelity Corporate Bond ETF in the second quarter worth about $79,000. Finally, Norris Perne & French LLP MI grew its position in shares of Fidelity Corporate Bond ETF by 6.1% during the second quarter. Norris Perne & French LLP MI now owns 4,782 shares of the company’s stock worth $226,000 after purchasing an additional 277 shares in the last quarter.

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.