Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Large Volume Increase

Fidelity Total Bond ETF (NYSEARCA:FBND) saw an uptick in trading volume on Friday . 558,241 shares traded hands during mid-day trading, a decline of 55% from the previous session’s volume of 1,234,015 shares.The stock last traded at $45.21 and had previously closed at $45.10.

Fidelity Total Bond ETF Stock Up 0.4 %

The company’s fifty day simple moving average is $44.92 and its 200 day simple moving average is $45.16. The firm has a market capitalization of $9.03 billion, a PE ratio of 8.85 and a beta of 0.19.

Institutional Trading of Fidelity Total Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wheelhouse Advisory Group LLC increased its stake in shares of Fidelity Total Bond ETF by 1.8% during the first quarter. Wheelhouse Advisory Group LLC now owns 12,517 shares of the company’s stock valued at $567,000 after purchasing an additional 227 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 15.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,720 shares of the company’s stock valued at $79,000 after purchasing an additional 228 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Fidelity Total Bond ETF by 5.5% during the first quarter. Arkadios Wealth Advisors now owns 6,244 shares of the company’s stock valued at $283,000 after purchasing an additional 323 shares in the last quarter. CGN Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 3.0% during the first quarter. CGN Advisors LLC now owns 11,462 shares of the company’s stock valued at $519,000 after purchasing an additional 336 shares in the last quarter. Finally, FinTrust Capital Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 7.5% during the first quarter. FinTrust Capital Advisors LLC now owns 5,675 shares of the company’s stock valued at $257,000 after purchasing an additional 394 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.