Shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $44.10 and last traded at $44.0750, with a volume of 352421 shares traded. The stock had previously closed at $44.34.
Fidelity Total Bond ETF Trading Down 0.9%
The stock’s 50-day moving average is $44.82 and its 200-day moving average is $45.34. The company has a market cap of $28.03 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.
Hedge Funds Weigh In On Fidelity Total Bond ETF
Several institutional investors have recently made changes to their positions in the stock. Capital Wealth Management LLC increased its position in shares of Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after acquiring an additional 53,398 shares in the last quarter. Barry Investment Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 36.7% in the 2nd quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock worth $7,997,000 after acquiring an additional 47,024 shares during the last quarter. Milestone Investment Advisors LLC lifted its position in Fidelity Total Bond ETF by 5.0% in the 4th quarter. Milestone Investment Advisors LLC now owns 275,916 shares of the company’s stock valued at $12,703,000 after acquiring an additional 13,144 shares in the last quarter. Waterway Wealth Management LLC lifted its position in Fidelity Total Bond ETF by 2,335.5% in the 1st quarter. Waterway Wealth Management LLC now owns 184,513 shares of the company’s stock valued at $8,417,000 after acquiring an additional 176,937 shares in the last quarter. Finally, WBH Advisory Inc. boosted its stake in Fidelity Total Bond ETF by 3.0% during the 1st quarter. WBH Advisory Inc. now owns 733,804 shares of the company’s stock valued at $33,469,000 after purchasing an additional 21,407 shares during the last quarter.
About Fidelity Total Bond ETF
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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