Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Down 0.2% – Here’s Why

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) shares dropped 0.2% during mid-day trading on Thursday . The company traded as low as $46.81 and last traded at $46.82. Approximately 36,207 shares were traded during trading, an increase of 33% from the average daily volume of 27,152 shares. The stock had previously closed at $46.90.

Fidelity Corporate Bond ETF Trading Down 0.0 %

The company has a 50-day moving average price of $47.56 and a 200-day moving average price of $47.11.

Institutional Trading of Fidelity Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in FCOR. Envestnet Asset Management Inc. grew its holdings in shares of Fidelity Corporate Bond ETF by 13.3% during the second quarter. Envestnet Asset Management Inc. now owns 151,702 shares of the company’s stock worth $6,984,000 after purchasing an additional 17,789 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Fidelity Corporate Bond ETF by 329.6% during the second quarter. Commonwealth Equity Services LLC now owns 95,506 shares of the company’s stock worth $4,397,000 after purchasing an additional 73,276 shares during the period. Valmark Advisers Inc. lifted its holdings in shares of Fidelity Corporate Bond ETF by 6.3% during the second quarter. Valmark Advisers Inc. now owns 41,547 shares of the company’s stock worth $1,913,000 after purchasing an additional 2,455 shares during the period. Jane Street Group LLC lifted its holdings in Fidelity Corporate Bond ETF by 159.8% during the 3rd quarter. Jane Street Group LLC now owns 39,352 shares of the company’s stock worth $1,902,000 after buying an additional 24,204 shares during the period. Finally, Millington Financial Advisors LLC grew its position in shares of Fidelity Corporate Bond ETF by 0.9% in the 2nd quarter. Millington Financial Advisors LLC now owns 30,512 shares of the company’s stock valued at $1,405,000 after buying an additional 262 shares during 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.