Fmr LLC Buys 46,379,503 Shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC)

Fmr LLC boosted its stake in shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) by 186.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 71,194,035 shares of the company’s stock after purchasing an additional 46,379,503 shares during the period. Fmr LLC owned 949.25% of Fidelity Investment Grade Securitized ETF worth $3,025,853,000 as of its most recent SEC filing.

Separately, MML Investors Services LLC bought a new position in shares of Fidelity Investment Grade Securitized ETF in the third quarter worth approximately $1,312,000.

Fidelity Investment Grade Securitized ETF Price Performance

Fidelity Investment Grade Securitized ETF stock opened at $44.36 on Friday. The stock has a fifty day simple moving average of $43.18 and a two-hundred day simple moving average of $43.14. Fidelity Investment Grade Securitized ETF has a 12 month low of $40.39 and a 12 month high of $44.79.

Fidelity Investment Grade Securitized ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 28th were paid a $0.126 dividend. The ex-dividend date was Friday, March 28th.

About Fidelity Investment Grade Securitized ETF

The Fidelity Investment Grade Securitized ETF (FSEC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of investment-grade securitized debt securities of any maturity across the broad market. FSEC was launched on Mar 2, 2021 and is managed by Fidelity.