Fidelity Total Bond ETF (NYSEARCA:FBND) Sees Large Volume Increase – Here’s What Happened

Fidelity Total Bond ETF (NYSEARCA:FBND) shares saw unusually-strong trading volume on Monday . Approximately 45,987,539 shares traded hands during trading, an increase of 2,828% from the previous session’s volume of 1,570,448 shares.The stock last traded at $45.67 and had previously closed at $45.71.

Fidelity Total Bond ETF Stock Down 0.4 %

The stock has a market capitalization of $9.09 billion, a P/E ratio of 8.85 and a beta of 0.19. The business has a 50-day simple moving average of $46.51 and a two-hundred day simple moving average of $45.65.

Hedge Funds Weigh In On Fidelity Total Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC bought a new position in Fidelity Total Bond ETF during the second quarter worth about $32,000. Centerpoint Advisors LLC acquired a new position in Fidelity Total Bond ETF in the first quarter valued at about $37,000. Highline Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the third quarter worth about $47,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $49,000.

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.