PFG Investments LLC Lowers Stake in Fidelity Corporate Bond ETF (NYSEARCA:FCOR)

PFG Investments LLC cut its stake in shares of Fidelity Corporate Bond ETF (NYSEARCA:FCOR) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,131 shares of the company’s stock after selling 402 shares during the period. PFG Investments LLC’s holdings in Fidelity Corporate Bond ETF were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC raised its position in shares of Fidelity Corporate Bond ETF by 150.9% in the third quarter. FMR LLC now owns 567 shares of the company’s stock valued at $27,000 after buying an additional 341 shares during the last quarter. Eastern Bank acquired a new stake in Fidelity Corporate Bond ETF in the 3rd quarter valued at about $68,000. McGlone Suttner Wealth Management Inc. purchased a new position in Fidelity Corporate Bond ETF in the 4th quarter worth approximately $212,000. Creative Planning acquired a new position in shares of Fidelity Corporate Bond ETF during the 2nd quarter worth approximately $313,000. Finally, MML Investors Services LLC boosted its holdings in shares of Fidelity Corporate Bond ETF by 5.4% during the 3rd quarter. MML Investors Services LLC now owns 9,205 shares of the company’s stock worth $445,000 after purchasing an additional 469 shares during the last quarter.

Fidelity Corporate Bond ETF Stock Down 0.1 %

NYSEARCA:FCOR opened at $46.41 on Friday. Fidelity Corporate Bond ETF has a one year low of $44.98 and a one year high of $49.09. The stock has a 50 day moving average price of $46.67 and a 200 day moving average price of $47.26.

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.