Fidelity Total Bond ETF (NYSEARCA:FBND) Reaches New 12-Month Low – Here’s What Happened

Shares of Fidelity Total Bond ETF (NYSEARCA:FBND) reached a new 52-week low on Thursday . The stock traded as low as $44.82 and last traded at $44.86, with a volume of 91584 shares trading hands. The stock had previously closed at $44.98.

Fidelity Total Bond ETF Stock Down 0.2%

The stock’s 50 day moving average is $45.39 and its two-hundred day moving average is $45.76. The company has a market capitalization of $27.04 billion, a PE ratio of 8.94 and a beta of 0.27.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Several hedge funds have recently modified their holdings of the business. Cary Street Partners Financial LLC increased its holdings in Fidelity Total Bond ETF by 12.6% during the second quarter. Cary Street Partners Financial LLC now owns 45,472 shares of the company’s stock valued at $2,069,000 after buying an additional 5,093 shares during the period. OLIO Financial Planning lifted its holdings in Fidelity Total Bond ETF by 6.5% during the second quarter. OLIO Financial Planning now owns 1,084,423 shares of the company’s stock worth $49,330,000 after buying an additional 66,217 shares during the period. Andrews Advisory Associates LLC lifted its holdings in Fidelity Total Bond ETF by 2.6% during the second quarter. Andrews Advisory Associates LLC now owns 556,482 shares of the company’s stock worth $25,314,000 after buying an additional 13,964 shares during the period. Storen Legacy Partners LLC boosted its position in Fidelity Total Bond ETF by 16.5% during the 2nd quarter. Storen Legacy Partners LLC now owns 271,750 shares of the company’s stock valued at $12,362,000 after acquiring an additional 38,462 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. boosted its position in Fidelity Total Bond ETF by 10.3% during the 2nd quarter. Financial Synergies Wealth Advisors Inc. now owns 179,805 shares of the company’s stock valued at $8,179,000 after acquiring an additional 16,806 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.