Norris Perne & French LLP MI acquired a new position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,480 shares of the company’s stock, valued at approximately $3,182,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. GHP Investment Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the first quarter valued at approximately $25,000. Community Financial Services Group LLC bought a new stake in Fidelity Total Bond ETF in the second quarter worth approximately $32,000. Maryland Capital Advisors Inc. bought a new stake in Fidelity Total Bond ETF in the second quarter worth approximately $37,000. Manning & Napier Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF during the 1st quarter worth $53,000. Finally, Sound Income Strategies LLC increased its stake 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 purchasing an additional 847 shares during the last quarter.
Fidelity Total Bond ETF Stock Down 0.2%
Shares of FBND opened at $44.05 on Friday. The firm has a market cap of $28.40 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The company’s fifty day moving average is $44.17 and its 200-day moving average is $44.99. Fidelity Total Bond ETF has a 12 month low of $43.11 and a 12 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.
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