Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Strong Trading Volume – Time to Buy?

Shares of Fidelity Total Bond ETF (NYSEARCA:FBND) saw unusually-high trading volume on Thursday . Approximately 17,291,197 shares were traded during trading, an increase of 518% from the previous session’s volume of 2,796,373 shares.The stock last traded at $45.06 and had previously closed at $44.91.

Fidelity Total Bond ETF Trading Down 0.2%

The stock has a market capitalization of $27.23 billion, a P/E ratio of 8.94 and a beta of 0.27. The firm’s fifty day moving average is $45.26 and its 200-day moving average is $45.66.

Institutional Trading of Fidelity Total Bond ETF

Large investors have recently made changes to their positions in the business. Capital Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 9.3% during the first quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after purchasing an additional 53,398 shares during the last quarter. Juno Financial Group LLC bought a new position in Fidelity Total Bond ETF in the 4th quarter worth approximately $18,667,000. Summit Financial Strategies Inc. raised its position in Fidelity Total Bond ETF by 4.3% in the 4th quarter. Summit Financial Strategies Inc. now owns 2,090,807 shares of the company’s stock worth $96,261,000 after purchasing an additional 85,577 shares during the last quarter. Valley Wealth Managers Inc. raised its position in Fidelity Total Bond ETF by 149.5% in the 4th quarter. Valley Wealth Managers Inc. now owns 62,724 shares of the company’s stock worth $2,888,000 after purchasing an additional 37,588 shares during the last quarter. Finally, Hicks Capital Management LLC lifted its holdings in Fidelity Total Bond ETF by 11.3% during the 4th quarter. Hicks Capital Management LLC now owns 251,938 shares of the company’s stock worth $11,599,000 after buying an additional 25,669 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.