TritonPoint Partners LLC Invests $3.69 Million in Fidelity Total Bond ETF $FBND

TritonPoint Partners LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 79,748 shares of the company’s stock, valued at approximately $3,693,000. Fidelity Total Bond ETF accounts for about 2.0% of TritonPoint Partners LLC’s holdings, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Management Network Inc. raised its holdings in shares of Fidelity Total Bond ETF by 20.3% during the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after purchasing an additional 20,803 shares during the last quarter. Sunburst Financial Group LLC raised its holdings in shares of Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after purchasing an additional 28,089 shares during the last quarter. Salus Financial Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 6.8% during the third quarter. Salus Financial Advisors LLC now owns 299,428 shares of the company’s stock worth $13,846,000 after purchasing an additional 19,085 shares during the last quarter. Coyle Financial Counsel LLC raised its holdings in shares of Fidelity Total Bond ETF by 21.8% during the third quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock worth $34,019,000 after purchasing an additional 131,713 shares during the last quarter. Finally, Genesis Private Wealth LLC raised its holdings in shares of Fidelity Total Bond ETF by 9.0% during the fourth quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after purchasing an additional 26,093 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock opened at $45.53 on Monday. The firm has a fifty day moving average price of $45.62 and a 200 day moving average price of $45.98. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The stock has a market cap of $25.51 billion, a PE ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company 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.