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

Shares of Fidelity Total Bond ETF (NYSEARCA:FBND) hit a new 52-week low on Wednesday . The stock traded as low as $44.53 and last traded at $44.5450, with a volume of 762566 shares trading hands. The stock had previously closed at $44.67.

Fidelity Total Bond ETF Trading Down 0.2%

The stock has a market cap of $27.00 billion, a PE ratio of 8.94 and a beta of 0.27. The company’s 50 day moving average is $45.02 and its 200-day moving average is $45.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Capital Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 9.3% in the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after acquiring an additional 53,398 shares during the last quarter. Valley Wealth Managers Inc. grew its position in Fidelity Total Bond ETF by 149.5% during the fourth quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after buying an additional 37,588 shares in the last quarter. USAdvisors Wealth Management LLC increased its stake in Fidelity Total Bond ETF by 5.3% during the fourth quarter. USAdvisors Wealth Management LLC now owns 243,175 shares of the company’s stock valued at $11,195,000 after acquiring an additional 12,241 shares during the period. Barry Investment Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 36.7% in the 2nd quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock worth $7,997,000 after acquiring an additional 47,024 shares during the period. Finally, Hicks Capital Management LLC grew its holdings in shares of Fidelity Total Bond ETF by 11.3% during the 4th quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock worth $11,599,000 after purchasing an additional 25,669 shares in 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.