Shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $44.10 and last traded at $44.0750, with a volume of 352421 shares changing hands. The stock had previously closed at $44.34.
Fidelity Total Bond ETF Stock Down 0.9%
The company has a 50-day moving average of $44.82 and a 200-day moving average of $45.34. The company has a market cap of $28.03 billion, a PE ratio of 8.94 and a beta of 0.27.
Hedge Funds Weigh In On Fidelity Total Bond ETF
Hedge funds have recently bought and sold shares of the company. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $696,000. Talon Private Wealth LLC boosted its holdings in Fidelity Total Bond ETF by 10.6% during the second quarter. Talon Private Wealth LLC now owns 4,937 shares of the company’s stock worth $225,000 after purchasing an additional 474 shares during the last quarter. MCF Advisors LLC grew its position in Fidelity Total Bond ETF by 5.8% in the 2nd quarter. MCF Advisors LLC now owns 142,980 shares of the company’s stock worth $6,528,000 after purchasing an additional 7,872 shares in the last quarter. Capital Analysts LLC grew its position in Fidelity Total Bond ETF by 11.2% in the 2nd quarter. Capital Analysts LLC now owns 3,506,392 shares of the company’s stock worth $159,506,000 after purchasing an additional 353,902 shares in the last quarter. Finally, Summit Financial Strategies Inc. increased its stake in Fidelity Total Bond ETF by 7.1% in the 2nd quarter. Summit Financial Strategies Inc. now owns 2,384,200 shares of the company’s stock valued at $108,457,000 after buying an additional 157,574 shares during the last quarter.
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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