Fidelity Total Bond ETF $FBND Stock Position Raised by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.5% during the third quarter, Holdings Channel reports. The fund owned 939,278 shares of the company’s stock after purchasing an additional 111,607 shares during the period. Fidelity Total Bond ETF makes up 7.5% of Coyle Financial Counsel LLC’s holdings, making the stock its 3rd largest holding. Coyle Financial Counsel LLC’s holdings in Fidelity Total Bond ETF were worth $40,671,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FBND. Bank of America Corp DE boosted its position in Fidelity Total Bond ETF by 6.3% during the first quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after purchasing an additional 871,672 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock valued at $310,268,000 after purchasing an additional 930,834 shares during the period. Sax Wealth Advisors LLC raised its position in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock valued at $291,320,000 after purchasing an additional 2,236,473 shares during the period. Finally, Legacy Wealth Management LLC raised its position in shares of Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after purchasing an additional 1,995,732 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $44.16 on Friday. The firm has a 50-day moving average of $44.09 and a 200-day moving average of $45.27. The stock has a market cap of $28.47 billion, a PE 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 $46.78.

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.