Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Shares Up 0.1% – Still a Buy?

Fidelity Corporate Bond ETF (NYSEARCA:FCOR – Get Free Report) shot up 0.1% during trading on Thursday. The stock traded as high as $44.78 and last traded at $44.70. 81,446 shares traded hands during trading, an increase of 100% from the average daily volume of 40,716 shares. The stock had previously closed at $44.64.

Fidelity Corporate Bond ETF Stock Performance

The company has a 50-day simple moving average of $45.98 and a two-hundred day simple moving average of $46.74.

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Hedge Funds Weigh In On Fidelity Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FCOR. Fifth Third Bancorp acquired a new position in Fidelity Corporate Bond ETF during the first quarter worth $39,000. Royal Bank of Canada grew its position in shares of Fidelity Corporate Bond ETF by 41.5% in the 1st quarter. Royal Bank of Canada now owns 5,761 shares of the company’s stock valued at $272,000 after acquiring an additional 1,691 shares during the period. Kestra Private Wealth Services LLC grew its position in shares of Fidelity Corporate Bond ETF by 55.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 9,577 shares of the company’s stock valued at $451,000 after acquiring an additional 3,405 shares during the period. Midwest Financial Network LLC acquired a new position in shares of Fidelity Corporate Bond ETF during the 1st quarter worth about $495,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Fidelity Corporate Bond ETF by 4.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock worth $537,000 after purchasing an additional 492 shares during the last quarter.

Fidelity Corporate Bond ETF Company Profile

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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.

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