Fidelity Total Bond ETF (NYSEARCA:FBND) Reaches New 52-Week Low – What’s Next?

Fidelity Total Bond ETF (NYSEARCA:FBND) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $44.10 and last traded at $44.0750, with a volume of 352421 shares. The stock had previously closed at $44.34.

Fidelity Total Bond ETF Trading Down 0.5%

The stock’s fifty day moving average price is $44.76 and its 200 day moving average price is $45.31. The stock has a market cap of $27.94 billion, a P/E ratio of 8.94 and a beta of 0.27.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signature Equity Partners LLC grew its holdings in shares of Fidelity Total Bond ETF by 5.4% during the first quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after buying an additional 244 shares during the last quarter. Insight Advisors LLC PA raised its stake in Fidelity Total Bond ETF by 1.6% in the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock worth $821,000 after acquiring an additional 291 shares during the last quarter. Archer Investment Corp raised its stake in Fidelity Total Bond ETF by 17.2% in the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after acquiring an additional 325 shares during the last quarter. Breakwater Capital Group lifted its position in Fidelity Total Bond ETF by 3.4% during the 2nd quarter. Breakwater Capital Group now owns 9,876 shares of the company’s stock worth $449,000 after acquiring an additional 327 shares during the period. Finally, CGN Advisors LLC lifted its position in Fidelity Total Bond ETF by 1.9% during the 2nd quarter. CGN Advisors LLC now owns 18,717 shares of the company’s stock worth $851,000 after acquiring an additional 342 shares during the period.

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.