Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 45,987,539 shares traded hands during trading, an increase of 2,828% from the previous session’s volume of 1,570,448 shares.The stock last traded at $45.67 and had previously closed at $45.71.
Fidelity Total Bond ETF Stock Down 0.4 %
The stock has a market capitalization of $9.09 billion, a PE ratio of 8.85 and a beta of 0.19. The stock has a fifty day moving average of $46.51 and a 200-day moving average of $45.65.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Fidelity Total Bond ETF by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 1,591,785 shares of the company’s stock valued at $71,519,000 after purchasing an additional 383,302 shares in the last quarter. 9258 Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the first quarter worth $207,000. Harbour Investments Inc. lifted its holdings in Fidelity Total Bond ETF by 23.5% in the 2nd quarter. Harbour Investments Inc. now owns 287,684 shares of the company’s stock valued at $12,926,000 after purchasing an additional 54,676 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in Fidelity Total Bond ETF during the third quarter worth approximately $843,000. Finally, Certified Advisory Corp increased its stake in Fidelity Total Bond ETF by 4.9% in the second quarter. Certified Advisory Corp now owns 268,452 shares of the company’s stock valued at $12,062,000 after purchasing an additional 12,660 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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