Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Shares Break Below Fifty Day Moving Average – Should You Sell?

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB)’s share price passed 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 price is $49.36 and its two-hundred day moving average price is $50.09. The firm has a market capitalization of $493.30 million, a price-to-earnings ratio of 31.22 and a beta of 0.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FLTB. Bank of America Corp DE lifted its position in Fidelity Limited Term Bond ETF by 22.4% during the 1st quarter. Bank of America Corp DE now owns 843,161 shares of the company’s stock worth $42,386,000 after buying an additional 154,262 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Fidelity Limited Term Bond ETF by 19.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 446,264 shares of the company’s stock valued at $22,371,000 after acquiring an additional 72,542 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Fidelity Limited Term Bond ETF in the 3rd quarter valued at about $17,677,000. Holos Integrated Wealth LLC increased its position in Fidelity Limited Term Bond ETF by 4.6% in the 3rd quarter. Holos Integrated Wealth LLC now owns 207,668 shares of the company’s stock valued at $10,226,000 after acquiring an additional 9,087 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in Fidelity Limited Term Bond ETF by 45.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 155,818 shares of the company’s stock valued at $7,632,000 after acquiring an additional 48,973 shares in the last quarter. 2.01% of the stock is owned by institutional investors.

About Fidelity Limited Term Bond ETF

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.