Unique Wealth Strategies LLC Has $14.73 Million Holdings in Fidelity Total Bond ETF $FBND

Unique Wealth Strategies LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 323,842 shares of the company’s stock after buying an additional 25,166 shares during the period. Fidelity Total Bond ETF makes up 5.4% of Unique Wealth Strategies LLC’s investment portfolio, making the stock its 2nd biggest position. Unique Wealth Strategies LLC’s holdings in Fidelity Total Bond ETF were worth $14,732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Wealth Management LLC grew its holdings in Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after buying an additional 53,398 shares in the last quarter. Cornerstone Wealth Group LLC boosted its position in shares of Fidelity Total Bond ETF by 5.8% during the 4th quarter. Cornerstone Wealth Group LLC now owns 330,234 shares of the company’s stock valued at $15,204,000 after acquiring an additional 18,123 shares during the last quarter. Juno Financial Group LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $18,667,000. Forbes Financial Planning Inc. grew its holdings in shares of Fidelity Total Bond ETF by 12.4% in the fourth quarter. Forbes Financial Planning Inc. now owns 361,739 shares of the company’s stock valued at $16,655,000 after purchasing an additional 39,856 shares during the period. Finally, Summit Financial Strategies Inc. increased its position in Fidelity Total Bond ETF by 4.3% during the fourth quarter. Summit Financial Strategies Inc. now owns 2,090,807 shares of the company’s stock worth $96,261,000 after purchasing an additional 85,577 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $44.91 on Thursday. The firm has a market capitalization of $27.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. The company’s 50-day moving average is $45.27 and its two-hundred day moving average is $45.68. Fidelity Total Bond ETF has a 1-year low of $44.65 and a 1-year high of $46.86.

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.