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

Fidelity Total Bond ETF (NYSEARCA:FBND) saw unusually-strong trading volume on Thursday . 17,291,197 shares traded hands during mid-day 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 Price Performance

The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The business’s 50 day moving average price is $45.27 and its 200-day moving average price is $45.68.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC raised its position in Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares in the last quarter. Betterment LLC grew its stake in shares of Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $49,000. Graney & King LLC increased its holdings in shares of Fidelity Total Bond ETF by 7.3% in the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Fidelity Total Bond ETF by 40.9% in the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after purchasing an additional 1,924 shares during the period.

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.