Fidelity Limited Term Bond ETF $FLTB Shares Sold by UBS Group AG

UBS Group AG cut its stake in Fidelity Limited Term Bond ETF (NYSEARCA:FLTB) by 22.8% during the 4th quarter, HoldingsChannel reports. The firm owned 458,286 shares of the company’s stock after selling 135,029 shares during the quarter. UBS Group AG owned 0.06% of Fidelity Limited Term Bond ETF worth $23,217,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC purchased a new position in Fidelity Limited Term Bond ETF in the fourth quarter valued at about $8,270,000. Elevation Capital Advisory LLC purchased a new position in Fidelity Limited Term Bond ETF in the third quarter valued at about $1,659,000. Focus Partners Advisor Solutions LLC raised its position in Fidelity Limited Term Bond ETF by 88.9% in the third quarter. Focus Partners Advisor Solutions LLC now owns 44,290 shares of the company’s stock valued at $2,244,000 after purchasing an additional 20,844 shares during the period. Envestnet Asset Management Inc. raised its position in Fidelity Limited Term Bond ETF by 21.0% in the third quarter. Envestnet Asset Management Inc. now owns 278,124 shares of the company’s stock valued at $14,090,000 after purchasing an additional 48,290 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in Fidelity Limited Term Bond ETF in the third quarter valued at approximately $236,000. 2.01% of the stock is owned by hedge funds and other institutional investors.

Fidelity Limited Term Bond ETF Price Performance

Shares of NYSEARCA:FLTB opened at $50.37 on Monday. Fidelity Limited Term Bond ETF has a 52-week low of $49.79 and a 52-week high of $51.15. The company has a 50 day moving average of $50.45 and a two-hundred day moving average of $50.66. The company has a market capitalization of $392.89 million, a price-to-earnings ratio of 31.88 and a beta of 0.11.

Fidelity Limited Term Bond ETF 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.