Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Hits New 12-Month Low – Should You Sell?

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $42.48 and last traded at $42.49, with a volume of 17655 shares traded. The stock had previously closed at $42.72.

Fidelity Investment Grade Securitized ETF Stock Performance

The firm’s 50-day simple moving average is $43.21 and its 200-day simple moving average is $43.68.

Institutional Investors Weigh In On Fidelity Investment Grade Securitized ETF

Several institutional investors have recently bought and sold shares of FSEC. Allworth Financial LP lifted its position in Fidelity Investment Grade Securitized ETF by 42.1% in the second quarter. Allworth Financial LP now owns 2,629 shares of the company’s stock valued at $115,000 after purchasing an additional 779 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter worth approximately $11,071,000. Nwam LLC purchased a new position in shares of Fidelity Investment Grade Securitized ETF in the second quarter worth $201,000. Midwest Financial Network LLC increased its stake in shares of Fidelity Investment Grade Securitized ETF by 113.2% in the second quarter. Midwest Financial Network LLC now owns 34,887 shares of the company’s stock worth $1,529,000 after buying an additional 18,527 shares during the period. Finally, RDA Financial Network raised its holdings in Fidelity Investment Grade Securitized ETF by 77.7% during the 2nd quarter. RDA Financial Network now owns 8,458 shares of the company’s stock valued at $371,000 after buying an additional 3,697 shares during the last quarter.

Fidelity Investment Grade Securitized ETF Company Profile

The Fidelity Investment Grade Securitized ETF (FSEC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade securitized debt securities of any maturity across the broad market. FSEC was launched on Mar 2, 2021 and is managed by Fidelity.