Fidelity Total Bond ETF (NYSEARCA:FBND) Hits New 1-Year High – Still a Buy?

Shares of Fidelity Total Bond ETF (NYSEARCA:FBND) hit a new 52-week high on Friday . The stock traded as high as $48.21 and last traded at $46.49, with a volume of 115 shares changing hands. The stock had previously closed at $46.61.

Fidelity Total Bond ETF Trading Down 0.2%

The company has a market capitalization of $20.11 billion, a PE ratio of 8.94 and a beta of 0.17. The firm has a fifty day moving average of $45.81 and a two-hundred day moving average of $45.52.

Institutional Investors Weigh In On Fidelity Total Bond ETF

Institutional investors have recently bought and sold shares of the stock. First Pacific Financial purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at about $25,000. Fifth Third Bancorp purchased a new stake in Fidelity Total Bond ETF during the 2nd quarter valued at about $27,000. NBC Securities Inc. purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at about $28,000. Tsfg LLC purchased a new stake in Fidelity Total Bond ETF during the 1st quarter valued at about $29,000. Finally, Sound Income Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 63.1% during the 1st quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the period.

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.