Fidelity Total Bond ETF $FBND Shares Bought by Worth Asset Management LLC

Worth Asset Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 59.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 58,178 shares of the company’s stock after acquiring an additional 21,602 shares during the period. Fidelity Total Bond ETF accounts for about 0.7% of Worth Asset Management LLC’s investment portfolio, making the stock its 28th largest holding. Worth Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $2,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FBND. Signature Equity Partners LLC boosted its position in Fidelity Total Bond ETF by 5.4% during the 1st quarter. Signature Equity Partners LLC now owns 4,739 shares of the company’s stock valued at $216,000 after purchasing an additional 244 shares during the period. Insight Advisors LLC PA lifted its stake in Fidelity Total Bond ETF by 1.6% in the first quarter. Insight Advisors LLC PA now owns 17,988 shares of the company’s stock valued at $821,000 after buying an additional 291 shares during the last quarter. Archer Investment Corp boosted its holdings in shares of Fidelity Total Bond ETF by 17.2% during the first quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock valued at $101,000 after acquiring an additional 325 shares during the period. Breakwater Capital Group boosted its holdings in shares of Fidelity Total Bond ETF by 3.4% during the second quarter. Breakwater Capital Group now owns 9,876 shares of the company’s stock valued at $449,000 after acquiring an additional 327 shares during the period. Finally, CGN Advisors LLC grew its position in shares of Fidelity Total Bond ETF by 1.9% during the second quarter. CGN Advisors LLC now owns 18,717 shares of the company’s stock worth $851,000 after acquiring an additional 342 shares during the last quarter.

Fidelity Total Bond ETF Trading Up 0.0%

NYSEARCA:FBND traded up $0.01 during mid-day trading on Wednesday, hitting $43.35. The stock had a trading volume of 4,305,418 shares, compared to its average volume of 3,096,599. The company has a 50 day simple moving average of $44.49 and a 200-day simple moving average of $45.16. The stock has a market capitalization of $27.95 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86.

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.