Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $44.14 and traded as high as $44.15. Fidelity Total Bond ETF shares last traded at $44.15, with a volume of 3,367,418 shares changing hands.
Fidelity Total Bond ETF Trading Up 0.1%
The company has a market capitalization of $28.46 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm’s 50 day simple moving average is $44.14 and its 200-day simple moving average is $45.30.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in FBND. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $32,000. Maryland Capital Advisors Inc. purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $37,000. Manning & Napier Advisors LLC purchased a new stake in Fidelity Total Bond ETF in the 1st quarter valued at approximately $53,000. Sound Income Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 180.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock valued at $60,000 after purchasing an additional 847 shares in the last quarter. Finally, Mosley Wealth Management acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth approximately $64,000.
Fidelity Total Bond ETF Company Profile
The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.
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