Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Strong Trading Volume – What’s Next?

Fidelity Total Bond ETF (NYSEARCA:FBND) saw unusually-strong trading volume on Friday . Approximately 6,561,133 shares traded hands during trading, an increase of 289% from the previous session’s volume of 1,684,632 shares.The stock last traded at $45.32 and had previously closed at $45.34.

Fidelity Total Bond ETF Trading Up 0.1 %

The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm has a 50-day moving average of $46.25 and a 200 day moving average of $45.73.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Fidelity Total Bond ETF during the third quarter worth approximately $30,000. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF in the second quarter worth $32,000. Highline Wealth Partners LLC acquired a new stake in Fidelity Total Bond ETF in the third quarter valued at $47,000. Finally, Strategic Financial Concepts LLC bought a new position in Fidelity Total Bond ETF during the 2nd quarter valued at $49,000.

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.