Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Stock Price Up 0.1% – Time to Buy?

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) shares traded up 0.1% during mid-day trading on Thursday. The company traded as high as $45.69 and last traded at $45.61. Approximately 51,327 shares were traded during trading, an increase of 18% from the average daily volume of 43,387 shares. The stock had previously closed at $45.56.

Fidelity Corporate Bond ETF Stock Performance

The business’s 50-day moving average price is $45.37 and its 200 day moving average price is $46.77.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FCOR. Kestra Advisory Services LLC increased its stake in Fidelity Corporate Bond ETF by 48.4% during the 1st quarter. Kestra Advisory Services LLC now owns 357,600 shares of the company’s stock worth $16,854,000 after buying an additional 116,695 shares during the period. Cetera Investment Advisers boosted its position in Fidelity Corporate Bond ETF by 15.3% in the 1st quarter. Cetera Investment Advisers now owns 236,088 shares of the company’s stock valued at $11,127,000 after buying an additional 31,357 shares during the last quarter. Midwest Financial Network LLC boosted its position in Fidelity Corporate Bond ETF by 156.9% in the 3rd quarter. Midwest Financial Network LLC now owns 53,163 shares of the company’s stock valued at $2,373,000 after buying an additional 32,471 shares during the last quarter. IFP Advisors Inc boosted its position in Fidelity Corporate Bond ETF by 2.6% in the 3rd quarter. IFP Advisors Inc now owns 12,334 shares of the company’s stock valued at $551,000 after buying an additional 314 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its stake in shares of Fidelity Corporate Bond ETF by 40.4% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 6,373 shares of the company’s stock valued at $284,000 after acquiring an additional 1,835 shares in the last quarter.

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.