Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) shares 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 trading hands.
Fidelity Total Bond ETF Stock Down 0.0%
The company has a market capitalization of $28.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s 50-day moving average price is $44.10 and its 200-day moving average price is $45.28.
Institutional Trading of Fidelity Total Bond ETF
Several institutional investors and hedge funds have recently made changes to their positions in the business. Waverly Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 521.8% in the second quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after acquiring an additional 3,219,570 shares in the last quarter. Sax Wealth Advisors LLC raised its stake in Fidelity Total Bond ETF by 49.8% in the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after purchasing an additional 2,236,473 shares in the last quarter. Legacy Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 57.0% in the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after purchasing an additional 1,995,732 shares in the last quarter. Modern Wealth Management LLC boosted its holdings in Fidelity Total Bond ETF by 38.3% in the 1st quarter. Modern Wealth Management LLC now owns 5,015,653 shares of the company’s stock valued at $228,764,000 after purchasing an additional 1,388,283 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in Fidelity Total Bond ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after purchasing an additional 930,834 shares during the period.
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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