Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) Stock Price Up 1% – Still a Buy?

Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) rose 1% during mid-day trading on Monday . The company traded as high as $43.45 and last traded at $43.29. Approximately 431,738 shares changed hands during trading, an increase of 206% from the average daily volume of 141,094 shares. The stock had previously closed at $42.87.

Fidelity Investment Grade Securitized ETF Stock Performance

The business has a 50 day simple moving average of $43.50 and a 200-day simple moving average of $43.03.

Hedge Funds Weigh In On Fidelity Investment Grade Securitized ETF

A hedge fund recently bought a new stake in Fidelity Investment Grade Securitized ETF stock. MML Investors Services LLC purchased a new stake in shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 29,602 shares of the company’s stock, valued at approximately $1,312,000. MML Investors Services LLC owned approximately 39.47% of Fidelity Investment Grade Securitized ETF as of its most recent filing with the SEC.

About Fidelity Investment Grade Securitized ETF

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.