Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Strong Trading Volume

Fidelity Total Bond ETF (NYSEARCA:FBND) shares saw unusually-high trading volume on Monday . Approximately 4,271,154 shares traded hands during mid-day trading, an increase of 223% from the previous session’s volume of 1,321,854 shares.The stock last traded at $44.71 and had previously closed at $44.64.

Fidelity Total Bond ETF Stock Down 0.3 %

The company has a market cap of $8.91 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a 50-day moving average price of $44.85 and a two-hundred day moving average price of $44.90.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of FBND. RFG Advisory LLC increased its holdings in Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after purchasing an additional 1,093,311 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 2,874.0% during the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after buying an additional 2,906,069 shares during the period. Legacy Wealth Management Inc grew its holdings in shares of Fidelity Total Bond ETF by 3.8% during the first quarter. Legacy Wealth Management Inc now owns 2,808,495 shares of the company’s stock worth $127,253,000 after buying an additional 101,951 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Fidelity Total Bond ETF by 31.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock valued at $121,868,000 after buying an additional 628,777 shares during the last quarter. Finally, UBS Group AG lifted its stake in Fidelity Total Bond ETF by 0.8% in the 4th quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock valued at $112,357,000 after acquiring an additional 18,964 shares in 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.