6,232 Shares in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) Purchased by Kovack Advisors Inc.

Kovack Advisors Inc. purchased a new position in Fidelity Corporate Bond ETF (NYSEARCA:FCOR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,232 shares of the company’s stock, valued at approximately $289,000. Kovack Advisors Inc. owned about 0.13% of Fidelity Corporate Bond ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCOR. FMR LLC lifted its holdings in Fidelity Corporate Bond ETF by 150.9% during the third quarter. FMR LLC now owns 567 shares of the company’s stock valued at $27,000 after purchasing an additional 341 shares during the last quarter. Spire Wealth Management purchased a new stake in Fidelity Corporate Bond ETF during the fourth quarter valued at about $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Fidelity Corporate Bond ETF during the fourth quarter valued at about $212,000. Sigma Planning Corp lifted its holdings in Fidelity Corporate Bond ETF by 9.4% during the fourth quarter. Sigma Planning Corp now owns 5,329 shares of the company’s stock valued at $247,000 after purchasing an additional 456 shares during the last quarter. Finally, Stratos Investment Management LLC purchased a new stake in Fidelity Corporate Bond ETF during the fourth quarter valued at about $294,000.

Fidelity Corporate Bond ETF Stock Up 0.4 %

NYSEARCA FCOR opened at $47.27 on Friday. Fidelity Corporate Bond ETF has a 52 week low of $44.98 and a 52 week high of $49.09. The firm’s 50-day simple moving average is $46.47 and its two-hundred day simple moving average is $47.22.

Fidelity Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.166 per share. The ex-dividend date of this dividend is Thursday, February 27th.

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.