Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Trading 0.1% Higher – Time to Buy?

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) shot up 0.1% during mid-day trading on Friday . The stock traded as high as $48.24 and last traded at $48.23. 14,271 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 33,469 shares. The stock had previously closed at $48.17.

Fidelity Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $48.13 and its two-hundred day moving average is $47.77.

Institutional Trading of Fidelity Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FCOR. Envestnet Asset Management Inc. lifted its position in shares of Fidelity Corporate Bond ETF by 12.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 159,064 shares of the company’s stock valued at $7,525,000 after acquiring an additional 17,773 shares during the period. Cetera Investment Advisers increased its position in shares of Fidelity Corporate Bond ETF by 127.6% in the second quarter. Cetera Investment Advisers now owns 18,978 shares of the company’s stock worth $898,000 after purchasing an additional 10,638 shares during the period. Millington Financial Advisors LLC raised its stake in Fidelity Corporate Bond ETF by 3.6% in the second quarter. Millington Financial Advisors LLC now owns 47,216 shares of the company’s stock valued at $2,226,000 after purchasing an additional 1,655 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in Fidelity Corporate Bond ETF during the second quarter worth about $825,000. Finally, Grant Private Wealth Management Inc acquired a new stake in Fidelity Corporate Bond ETF during the second quarter worth about $355,000.

About Fidelity Corporate Bond ETF

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.