Fidelity Total Bond ETF $FBND Stock: Rede Wealth LLC Boosts Stake

Rede Wealth LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 21.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 110,151 shares of the company’s stock after buying an additional 19,397 shares during the period. Fidelity Total Bond ETF makes up about 1.6% of Rede Wealth LLC’s portfolio, making the stock its 7th largest holding. Rede Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $4,770,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FBND. GHP Investment Advisors Inc. bought a new position in Fidelity Total Bond ETF in the first quarter worth about $25,000. Community Financial Services Group LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $37,000. Manning & Napier Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $53,000. Finally, Sound Income Strategies LLC boosted its position in 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 valued at $60,000 after purchasing an additional 847 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND traded down $0.09 during midday trading on Friday, reaching $44.05. 3,416,478 shares of the company traded hands, compared to its average volume of 3,196,703. The firm has a market capitalization of $28.40 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company has a fifty day moving average price of $44.17 and a 200 day moving average price of $44.99. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86.

Fidelity Total Bond ETF 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.