Envestnet Asset Management Inc. Raises Position in Fidelity Limited Term Bond ETF $FLTB

Envestnet Asset Management Inc. boosted its holdings in shares of Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 13.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 229,834 shares of the company’s stock after buying an additional 26,702 shares during the period. Envestnet Asset Management Inc.’s holdings in Fidelity Limited Term Bond ETF were worth $11,584,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Focus Partners Advisor Solutions LLC raised its holdings in shares of Fidelity Limited Term Bond ETF by 11.2% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 23,446 shares of the company’s stock valued at $1,182,000 after acquiring an additional 2,367 shares in the last quarter. Salus Financial Advisors LLC raised its stake in Fidelity Limited Term Bond ETF by 7.9% in the second quarter. Salus Financial Advisors LLC now owns 60,058 shares of the company’s stock valued at $3,027,000 after purchasing an additional 4,375 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Fidelity Limited Term Bond ETF by 19.4% in the second quarter. Koshinski Asset Management Inc. now owns 17,400 shares of the company’s stock valued at $877,000 after purchasing an additional 2,822 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Fidelity Limited Term Bond ETF during the second quarter valued at approximately $39,000. Finally, Norris Perne & French LLP MI grew its stake in Fidelity Limited Term Bond ETF by 3.0% in the 2nd quarter. Norris Perne & French LLP MI now owns 14,374 shares of the company’s stock worth $724,000 after buying an additional 419 shares in the last quarter. 2.01% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity Limited Term Bond ETF Price Performance

Shares of NYSEARCA:FLTB opened at $50.65 on Friday. The company’s fifty day moving average price is $50.78 and its 200-day moving average price is $50.46. The firm has a market capitalization of $278.58 million, a price-to-earnings ratio of 32.06 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.

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.