Envestnet Portfolio Solutions Inc. Sells 933 Shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC)

Envestnet Portfolio Solutions Inc. lowered its stake in shares of Fidelity Investment Grade Securitized ETF (NYSEARCA:FSEC) by 11.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,968 shares of the company’s stock after selling 933 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.09% of Fidelity Investment Grade Securitized ETF worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC acquired a new position in shares of Fidelity Investment Grade Securitized ETF in the 4th quarter valued at approximately $357,000. MML Investors Services LLC bought a new position in Fidelity Investment Grade Securitized ETF in the third quarter valued at approximately $1,312,000. Finally, FMR LLC raised its position in Fidelity Investment Grade Securitized ETF by 77,445.4% during the third quarter. FMR LLC now owns 24,814,532 shares of the company’s stock valued at $1,099,780,000 after purchasing an additional 24,782,532 shares in the last quarter.

Fidelity Investment Grade Securitized ETF Stock Down 0.3 %

Shares of FSEC stock opened at $43.24 on Friday. Fidelity Investment Grade Securitized ETF has a fifty-two week low of $40.39 and a fifty-two week high of $44.79. The stock’s fifty day moving average price is $43.02 and its two-hundred day moving average price is $43.18.

Fidelity Investment Grade Securitized ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, February 27th were paid a $0.126 dividend. The ex-dividend date of this dividend was Thursday, February 27th.

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.