Sugar Maple Asset Management LLC Acquires New Stake in Fidelity Corporate Bond ETF $FCOR

Sugar Maple Asset Management LLC acquired a new stake in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 12,066 shares of the company’s stock, valued at approximately $577,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. increased 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 period. Cornerstone Planning Group LLC purchased a new stake in shares of Fidelity Corporate Bond ETF during the third quarter valued at $50,000. Advisory Services Network LLC purchased a new stake in shares of Fidelity Corporate Bond ETF during the third quarter valued at $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, PFG Investments LLC increased its stake in Fidelity Corporate Bond ETF by 6.6% in the 3rd quarter. PFG Investments LLC now owns 5,183 shares of the company’s stock worth $249,000 after buying an additional 320 shares during the period.

Fidelity Corporate Bond ETF Price Performance

FCOR stock opened at $47.30 on Friday. Fidelity Corporate Bond ETF has a 12 month low of $45.00 and a 12 month high of $48.79. The firm’s 50-day moving average is $47.76 and its 200 day moving average is $47.98.

Fidelity Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Thursday, February 26th were given a dividend of $0.17 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from Fidelity Corporate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, February 26th.

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.