Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $49.36 and traded as low as $49.24. Fidelity Limited Term Bond ETF shares last traded at $49.33, with a volume of 162,407 shares traded.

Fidelity Limited Term Bond ETF Price Performance

The firm’s fifty day simple moving average is $49.34 and its 200 day simple moving average is $50.07. The company has a market capitalization of $492 million, a price-to-earnings ratio of 31.14 and a beta of 0.11.

Institutional Investors Weigh In On Fidelity Limited Term Bond ETF

Several hedge funds have recently made changes to their positions in FLTB. Integrated Wealth Concepts LLC purchased a new position in Fidelity Limited Term Bond ETF during the 2nd quarter worth approximately $74,000. Whittier Trust Co. purchased a new stake in shares of Fidelity Limited Term Bond ETF in the third quarter valued at $75,000. Global Retirement Partners LLC lifted its holdings in shares of Fidelity Limited Term Bond ETF by 155.8% in the third quarter. Global Retirement Partners LLC now owns 1,550 shares of the company’s stock valued at $76,000 after purchasing an additional 944 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of Fidelity Limited Term Bond ETF in the first quarter valued at $101,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Fidelity Limited Term Bond ETF in the third quarter worth $202,000. Hedge funds and other institutional investors own 2.01% of the company’s stock.

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.