Several institutional investors are adjusting their holdings in Fidelity Limited Term Bond ETF (FLTB) following recent insider selling by Wealth Management Resources Inc. The company reduced its investment in FLTB by 9.3% in the first quarter, selling 610 shares and retaining 5,933 shares valued at $291,000.
Institutional Investors Act
In addition to Wealth Management Resources Inc., other hedge funds have been active with FLTB. Lincoln National Corp acquired a new stake worth $350,000, while WNY Asset Management LLC and Dynamic Advisor Solutions LLC initiated new positions. Apollon Wealth Management LLC and Islay Capital Management LLC increased their holdings in FLTB in the fourth quarter.
Stock Performance
FLTB shares traded at $49.16 on Thursday, with a trading volume of 6,194 shares. The fifty-day moving average is $49.01, and the two-hundred-day moving average is $49.02. FLTB's 12-month range is $47.46 to $49.54.
About Fidelity Limited Term Bond ETF
FLTB tracks the Fidelity Limited Term Composite index and focuses on investment-grade credits with an average maturity of two to five years. Launched on Oct 6, 2014, FLTB is an actively managed bond fund by Fidelity.
Stay Informed on FLTB
For the latest on hedge funds' positions and insider trades on FLTB, visit HoldingsChannel.com. Stay updated with a daily summary of news and ratings by signing up for MarketBeat.com's free email newsletter.