Fidelity Total Bond ETF (NYSEARCA:FBND) Sets New 52-Week High at $46.92

Fidelity Total Bond ETF (NYSEARCA:FBND)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $46.92 and last traded at $46.84, with a volume of 460187 shares traded. The stock had previously closed at $46.83.

Fidelity Total Bond ETF Stock Performance

The company has a fifty day simple moving average of $45.91 and a 200 day simple moving average of $45.28. The stock has a market capitalization of $9.37 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FBND. Country Trust Bank raised its stake in Fidelity Total Bond ETF by 12.7% during the second quarter. Country Trust Bank now owns 5,960,744 shares of the company’s stock worth $267,816,000 after buying an additional 672,872 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Fidelity Total Bond ETF by 27.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,824,123 shares of the company’s stock worth $171,818,000 after purchasing an additional 825,448 shares in the last quarter. RFG Advisory LLC grew its stake in shares of Fidelity Total Bond ETF by 3.1% in the 2nd quarter. RFG Advisory LLC now owns 3,689,608 shares of the company’s stock valued at $165,774,000 after buying an additional 111,480 shares during the period. Legacy Wealth Management Inc increased its position in Fidelity Total Bond ETF by 2.3% in the 2nd quarter. Legacy Wealth Management Inc now owns 2,874,451 shares of the company’s stock valued at $129,149,000 after buying an additional 65,956 shares in the last quarter. Finally, UBS Group AG raised its stake in Fidelity Total Bond ETF by 0.8% during the 4th quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock worth $112,357,000 after buying an additional 18,964 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.