Fidelity Total Bond ETF $FBND is Rehmann Capital Advisory Group’s 5th Largest Position

Rehmann Capital Advisory Group raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,196,042 shares of the company’s stock after buying an additional 145,310 shares during the period. Fidelity Total Bond ETF comprises about 2.9% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 5th biggest position. Rehmann Capital Advisory Group owned 0.23% of Fidelity Total Bond ETF worth $55,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Cerity Partners LLC lifted its holdings in shares of Fidelity Total Bond ETF by 400.5% during the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC increased its stake in Fidelity Total Bond ETF by 2.7% in the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter valued at about $49,000. Graney & King LLC raised its position in Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock valued at $2,295,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.61 on Friday. The stock has a 50-day moving average price of $45.60 and a 200-day moving average price of $45.95. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The stock has a market capitalization of $25.56 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.