Ritholtz Wealth Management Buys 66,507 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Ritholtz Wealth Management raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,759,933 shares of the company’s stock after purchasing an additional 66,507 shares during the period. Fidelity Total Bond ETF makes up approximately 2.5% of Ritholtz Wealth Management’s investment portfolio, making the stock its 10th biggest position. Ritholtz Wealth Management’s holdings in Fidelity Total Bond ETF were worth $82,259,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in Fidelity Total Bond ETF during the second quarter worth $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at $37,000. Pineridge Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth about $46,000. Strategic Financial Concepts LLC purchased a new position in Fidelity Total Bond ETF during the 2nd quarter valued at about $49,000. Finally, Bell Investment Advisors Inc acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $55,000.

Fidelity Total Bond ETF Stock Performance

FBND remained flat at $46.07 during trading hours on Friday. 2,716,423 shares of the company traded hands, compared to its average volume of 1,348,133. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a 1 year low of $42.45 and a 1 year high of $47.30. The stock’s 50-day moving average price is $46.59 and its 200 day moving average price is $45.55.

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.