Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Unusually-High Trading Volume – Here’s What Happened

Fidelity Total Bond ETF (NYSEARCA:FBND) shares saw an uptick in trading volume on Wednesday . 5,338,667 shares traded hands during trading, an increase of 93% from the previous session’s volume of 2,762,842 shares.The stock last traded at $45.46 and had previously closed at $45.49.

Fidelity Total Bond ETF Price Performance

The stock has a market cap of $25.46 billion, a P/E ratio of 8.94 and a beta of 0.27. The company has a fifty day moving average of $45.56 and a 200 day moving average of $45.91.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FBND. Dupree Financial Group LLC boosted its position in shares of Fidelity Total Bond ETF by 1.6% during the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after purchasing an additional 219 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Fidelity Total Bond ETF by 0.6% in the 3rd quarter. Quadrant Capital Group LLC now owns 38,010 shares of the company’s stock worth $1,758,000 after purchasing an additional 220 shares in the last quarter. Signature Equity Partners LLC lifted its stake in Fidelity Total Bond ETF by 5.4% during the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after purchasing an additional 244 shares during the last quarter. Insight Advisors LLC PA lifted its stake in Fidelity Total Bond ETF by 1.6% during the first quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after purchasing an additional 291 shares during the last quarter. Finally, Investment Advisory Group LLC boosted its holdings in Fidelity Total Bond ETF by 0.4% during the fourth quarter. Investment Advisory Group LLC now owns 71,185 shares of the company’s stock worth $3,277,000 after buying an additional 303 shares in 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.