Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB)’s share price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $49.36 and traded as low as $49.24. Fidelity Limited Term Bond ETF shares last traded at $49.33, with a volume of 162,407 shares changing hands.

Fidelity Limited Term Bond ETF Stock Performance

The firm’s 50-day moving average is $49.36 and its two-hundred day moving average is $50.09. The stock has a market cap of $493.30 million, a P/E ratio of 31.22 and a beta of 0.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Focus Advisor Solutions LLC grew its holdings in shares of Fidelity Limited Term Bond ETF by 1.0% in the 3rd quarter. Focus Advisor Solutions LLC now owns 23,182 shares of the company’s stock valued at $1,135,000 after buying an additional 223 shares during the period. Global Retirement Partners LLC boosted its position in shares of Fidelity Limited Term Bond ETF by 155.8% during the third quarter. Global Retirement Partners LLC now owns 1,550 shares of the company’s stock worth $76,000 after buying an additional 944 shares during the period. HighTower Advisors LLC acquired a new position in shares of Fidelity Limited Term Bond ETF during the third quarter worth about $276,000. Merkkuri Wealth Advisors LLC boosted its position in shares of Fidelity Limited Term Bond ETF by 5.6% during the third quarter. Merkkuri Wealth Advisors LLC now owns 63,977 shares of the company’s stock worth $3,134,000 after buying an additional 3,372 shares during the period. Finally, Kestra Advisory Services LLC grew its holdings in shares of Fidelity Limited Term Bond ETF by 45.8% during the third quarter. Kestra Advisory Services LLC now owns 155,818 shares of the company’s stock worth $7,632,000 after buying an additional 48,973 shares in the last quarter. Institutional investors and hedge funds own 2.01% of the company’s stock.

Fidelity Limited Term Bond ETF Company 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.