Islay Capital Management LLC Reduces Stock Position in Fidelity Limited Term Bond ETF $FLTB

Islay Capital Management LLC cut its stake in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 14.4% in the second quarter, HoldingsChannel.com reports. The fund owned 34,527 shares of the company’s stock after selling 5,828 shares during the period. Fidelity Limited Term Bond ETF accounts for 1.1% of Islay Capital Management LLC’s holdings, making the stock its 26th biggest position. Islay Capital Management LLC’s holdings in Fidelity Limited Term Bond ETF were worth $1,740,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Fidelity Limited Term Bond ETF by 18.2% in the first quarter. Envestnet Asset Management Inc. now owns 203,132 shares of the company’s stock worth $10,175,000 after purchasing an additional 31,349 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in Fidelity Limited Term Bond ETF during the 1st quarter valued at $70,000. Salus Financial Advisors LLC lifted its holdings in shares of Fidelity Limited Term Bond ETF by 7.9% during the 2nd quarter. Salus Financial Advisors LLC now owns 60,058 shares of the company’s stock valued at $3,027,000 after buying an additional 4,375 shares during the period. Norris Perne & French LLP MI lifted its holdings in shares of Fidelity Limited Term Bond ETF by 3.0% during the 2nd quarter. Norris Perne & French LLP MI now owns 14,374 shares of the company’s stock valued at $724,000 after buying an additional 419 shares during the period. Finally, Compass Ion Advisors LLC purchased a new position in shares of Fidelity Limited Term Bond ETF in the 2nd quarter worth $201,000. 2.01% of the stock is owned by hedge funds and other institutional investors.

Fidelity Limited Term Bond ETF Price Performance

Shares of FLTB opened at $50.64 on Friday. The firm has a market capitalization of $278.52 million, a P/E ratio of 32.05 and a beta of 0.10. Fidelity Limited Term Bond ETF has a one year low of $49.41 and a one year high of $51.07. The business has a fifty day moving average of $50.78 and a 200 day moving average of $50.47.

Fidelity Limited Term Bond ETF Company Profile

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.