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 . Approximately 17,291,197 shares were traded 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 Stock Performance

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

Hedge Funds Weigh In On Fidelity Total Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dupree Financial Group LLC increased its holdings in Fidelity Total Bond ETF by 1.6% in the 4th quarter. Dupree Financial Group LLC now owns 14,135 shares of the company’s stock valued at $651,000 after buying an additional 219 shares during the period. Signature Equity Partners LLC raised its stake in shares of Fidelity Total Bond ETF by 5.4% in the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after buying an additional 244 shares in the last quarter. Insight Advisors LLC PA lifted its holdings in shares of Fidelity Total Bond ETF by 1.6% during the 1st quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock worth $821,000 after acquiring an additional 291 shares during the period. Keystone Financial Group lifted its holdings in shares of Fidelity Total Bond ETF by 3.1% during the 3rd quarter. Keystone Financial Group now owns 10,317 shares of the company’s stock worth $477,000 after acquiring an additional 315 shares during the period. Finally, Archer Investment Corp boosted its position in shares of Fidelity Total Bond ETF by 17.2% during the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after acquiring an additional 325 shares in the last quarter.

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.