Fidelity Total Bond ETF (NYSEARCA:FBND) Sets New 12-Month Low – What’s Next?

Shares of Fidelity Total Bond ETF (NYSEARCA:FBND) hit a new 52-week low on Tuesday . The stock traded as low as $44.64 and last traded at $44.67, with a volume of 1249979 shares. The stock had previously closed at $44.75.

Fidelity Total Bond ETF Price Performance

The stock has a market cap of $27.06 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The firm’s 50-day moving average is $45.10 and its 200 day moving average is $45.55.

Institutional Trading of Fidelity Total Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the fourth quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF during the first quarter worth about $25,000. Community Financial Services Group LLC purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in Fidelity Total Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF during the 2nd quarter valued at $37,000.

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.