Royal Bank of Canada Has $6.27 Million Stock Position in Fidelity Limited Term Bond ETF $FLTB

Royal Bank of Canada grew its holdings in shares of Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 13.1% during the first quarter, Holdings Channel reports. The firm owned 124,656 shares of the company’s stock after purchasing an additional 14,441 shares during the period. Royal Bank of Canada’s holdings in Fidelity Limited Term Bond ETF were worth $6,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Fidelity Limited Term Bond ETF in the 4th quarter valued at $40,000. Root Financial Partners LLC acquired a new position in Fidelity Limited Term Bond ETF during the first quarter worth $68,000. Rockefeller Capital Management L.P. increased its position in Fidelity Limited Term Bond ETF by 50.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,571 shares of the company’s stock worth $80,000 after buying an additional 525 shares during the last quarter. Farther Finance Advisors LLC bought a new position in Fidelity Limited Term Bond ETF during the fourth quarter valued at about $89,000. Finally, Comerica Bank bought a new position in Fidelity Limited Term Bond ETF during the fourth quarter valued at about $101,000. Institutional investors and hedge funds own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Price Performance

Shares of NYSEARCA:FLTB opened at $49.93 on Wednesday. Fidelity Limited Term Bond ETF has a fifty-two week low of $49.42 and a fifty-two week high of $51.15. The business has a 50-day moving average of $50.10 and a two-hundred day moving average of $50.36. The stock has a market capitalization of $414.42 million, a P/E ratio of 31.60 and a beta of 0.11.

Fidelity Limited Term Bond ETF Profile

The Fidelity Limited Term Bond ETF (FLTB) is an exchange-traded fund that is based on the Fidelity Limited Term Composite index. The fund is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between two and five years. FLTB was launched on Oct 6, 2014 and is managed by Fidelity.