Fidelity Total Bond ETF (NYSEARCA:FBND) Reaches New 12-Month Low – Time to Sell?

Fidelity Total Bond ETF (NYSEARCA:FBND)’s stock price reached a new 52-week low during trading on Wednesday. The stock traded as low as $43.11 and last traded at $43.2150, with a volume of 310632 shares. The stock had previously closed at $43.35.

Fidelity Total Bond ETF Price Performance

The stock’s 50 day simple moving average is $44.43 and its two-hundred day simple moving average is $45.13. The firm has a market cap of $28.01 billion, a P/E ratio of 8.94 and a beta of 0.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC raised its stake in Fidelity Total Bond ETF by 5.4% during the 1st 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 boosted its stake in shares of 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 buying an additional 291 shares during the last quarter. Archer Investment Corp grew its holdings in shares of Fidelity Total Bond ETF by 17.2% in the first 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 period. Breakwater Capital Group grew its holdings in shares of Fidelity Total Bond ETF by 3.4% in the second 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 increased its position in Fidelity Total Bond ETF by 1.9% during the second quarter. CGN Advisors LLC now owns 18,717 shares of the company’s stock valued at $851,000 after acquiring an additional 342 shares during the last quarter.

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.