Fidelity Total Bond ETF (NYSEARCA:FBND) Stake Boosted by TFB Advisors LLC

TFB Advisors LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 97.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,295 shares of the company’s stock after acquiring an additional 26,355 shares during the period. TFB Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,391,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FBND. Crane Advisory LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at $50,363,000. Thrivent Financial for Lutherans lifted its stake in shares of Fidelity Total Bond ETF by 85.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,159,030 shares of the company’s stock valued at $100,976,000 after purchasing an additional 992,739 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its position in Fidelity Total Bond ETF by 256.5% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after acquiring an additional 975,262 shares during the last quarter. Aptus Capital Advisors LLC acquired a new position in Fidelity Total Bond ETF during the 3rd quarter worth $40,718,000. Finally, Sax Wealth Advisors LLC lifted its position in Fidelity Total Bond ETF by 94.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 1,394,635 shares of the company’s stock worth $62,577,000 after acquiring an additional 675,795 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock opened at $45.11 on Wednesday. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. Fidelity Total Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $47.30. The firm has a fifty day moving average price of $45.16 and a two-hundred day moving average price of $45.82.

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.