Fidelity Total Bond ETF (NYSEARCA:FBND) Reaches New 52-Week Low – Time to Sell?

Fidelity Total Bond ETF (NYSEARCA:FBND) hit a new 52-week low on Thursday . The company traded as low as $44.82 and last traded at $44.86, with a volume of 91584 shares traded. The stock had previously closed at $44.98.

Fidelity Total Bond ETF Price Performance

The business has a 50-day moving average of $45.39 and a two-hundred day moving average of $45.76. The company has a market cap of $27.04 billion, a P/E ratio of 8.94 and a beta of 0.27.

Institutional Trading of Fidelity Total Bond ETF

Several hedge funds have recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $25,000. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the first quarter valued at approximately $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF in the fourth quarter worth $37,000. Finally, Maryland Capital Advisors Inc. purchased a new position in Fidelity Total Bond ETF in the second quarter worth $37,000.

About Fidelity Total Bond ETF

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.