Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Stock Price Down 0.2% – Here’s What Happened

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) shares were down 0.2% during mid-day trading on Friday . The company traded as low as $46.14 and last traded at $46.17. 76,028 shares were traded during trading, an increase of 97% from the average daily volume of 38,534 shares. The stock had previously closed at $46.27.

Fidelity Corporate Bond ETF Price Performance

The business has a 50 day simple moving average of $46.73 and a two-hundred day simple moving average of $47.22.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Foronjy Financial LLC lifted its holdings in Fidelity Corporate Bond ETF by 4.6% during the fourth quarter. Foronjy Financial LLC now owns 5,995 shares of the company’s stock worth $287,000 after buying an additional 263 shares during the period. High Falls Advisors Inc increased its holdings in shares of Fidelity Corporate Bond ETF by 4.9% in the 4th quarter. High Falls Advisors Inc now owns 6,960 shares of the company’s stock valued at $333,000 after acquiring an additional 326 shares during the period. Virtus Wealth Solutions LLC raised its position in shares of Fidelity Corporate Bond ETF by 3.0% in the 4th quarter. Virtus Wealth Solutions LLC now owns 12,416 shares of the company’s stock worth $594,000 after acquiring an additional 362 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Fidelity Corporate Bond ETF by 4.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,395 shares of the company’s stock worth $537,000 after acquiring an additional 492 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Fidelity Corporate Bond ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 60,280 shares of the company’s stock worth $2,841,000 after purchasing an additional 608 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.