Fidelity Total Bond ETF (NYSEARCA:FBND) Hits New 12-Month Low – Here’s What Happened

Fidelity Total Bond ETF (NYSEARCA:FBND)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.53 and last traded at $44.5450, with a volume of 762566 shares traded. The stock had previously closed at $44.67.

Fidelity Total Bond ETF Trading Down 0.2%

The stock’s 50 day moving average price is $45.02 and its 200 day moving average price is $45.50. The company has a market cap of $27.00 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.

Hedge Funds Weigh In On Fidelity Total Bond ETF

A number of large investors have recently bought and sold shares of FBND. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $25,000. GHP Investment Advisors Inc. purchased a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth about $25,000. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new stake in Fidelity Total Bond ETF during the 4th quarter worth $37,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter valued at about $37,000.

About Fidelity Total Bond ETF

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.