Essex LLC Buys 214,057 Shares of Fidelity Total Bond ETF $FBND

Essex LLC lifted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 886.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 238,204 shares of the company’s stock after purchasing an additional 214,057 shares during the period. Fidelity Total Bond ETF accounts for approximately 1.5% of Essex LLC’s portfolio, making the stock its 18th biggest holding. Essex LLC’s holdings in Fidelity Total Bond ETF were worth $10,314,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the 1st quarter worth $25,000. Community Financial Services Group LLC acquired a new position in Fidelity Total Bond ETF in the second quarter worth about $32,000. Maryland Capital Advisors Inc. bought a new position in Fidelity Total Bond ETF during the second quarter worth about $37,000. Manning & Napier Advisors LLC acquired a new stake in Fidelity Total Bond ETF during the first quarter valued at approximately $53,000. Finally, Sound Income Strategies LLC lifted its position in shares of Fidelity Total Bond ETF by 180.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after buying an additional 847 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND traded up $0.02 during trading on Wednesday, reaching $43.54. The stock had a trading volume of 4,366,311 shares, compared to its average volume of 3,165,075. The business’s 50-day moving average price is $44.35 and its 200 day moving average price is $45.08. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The stock has a market capitalization of $28.07 billion, a PE ratio of 8.94 and a beta of 0.28.

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.