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

Fidelity Corporate Bond ETF (NYSEARCA:FCOR) traded up 0.1% during trading on Friday . The stock traded as high as $48.24 and last traded at $48.23. 14,271 shares were traded 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 company’s 50 day simple moving average is $48.13 and its 200-day simple moving average is $47.76.

Institutional Investors Weigh In On Fidelity Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Calton & Associates Inc. lifted its holdings in shares of Fidelity Corporate Bond ETF by 1.3% during the 3rd quarter. Calton & Associates Inc. now owns 17,623 shares of the company’s stock valued at $846,000 after buying an additional 220 shares during the period. Norris Perne & French LLP MI grew its holdings in shares of Fidelity Corporate Bond ETF by 6.1% in the second quarter. Norris Perne & French LLP MI now owns 4,782 shares of the company’s stock worth $226,000 after acquiring an additional 277 shares during the period. PFG Investments LLC increased its position in Fidelity Corporate Bond ETF by 6.6% during the third quarter. PFG Investments LLC now owns 5,183 shares of the company’s stock valued at $249,000 after acquiring an additional 320 shares during the last quarter. Foronjy Financial LLC lifted its holdings in Fidelity Corporate Bond ETF by 11.3% in the third quarter. Foronjy Financial LLC now owns 5,732 shares of the company’s stock valued at $275,000 after acquiring an additional 582 shares during the period. Finally, Ameritas Advisory Services LLC boosted its position in Fidelity Corporate Bond ETF by 13.8% in the third quarter. Ameritas Advisory Services LLC now owns 5,659 shares of the company’s stock worth $272,000 after purchasing an additional 688 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.