Steph & Co. Has $9.19 Million Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Steph & Co. boosted its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 49.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,528 shares of the company’s stock after buying an additional 66,073 shares during the quarter. Fidelity Total Bond ETF makes up about 4.5% of Steph & Co.’s investment portfolio, making the stock its 5th biggest holding. Steph & Co. owned approximately 0.21% of Fidelity Total Bond ETF worth $9,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Fidelity Total Bond ETF by 35.7% in the first quarter. Bank of Montreal Can now owns 5,289 shares of the company’s stock valued at $263,000 after acquiring an additional 1,390 shares during the period. Cetera Investment Advisers boosted its stake in Fidelity Total Bond ETF by 13.7% in the first quarter. Cetera Investment Advisers now owns 8,750 shares of the company’s stock valued at $435,000 after acquiring an additional 1,051 shares during the period. NewEdge Advisors LLC boosted its stake in Fidelity Total Bond ETF by 16.4% in the first quarter. NewEdge Advisors LLC now owns 25,693 shares of the company’s stock valued at $1,279,000 after acquiring an additional 3,619 shares during the period. Laurel Wealth Advisors Inc. boosted its stake in Fidelity Total Bond ETF by 24.0% in the first quarter. Laurel Wealth Advisors Inc. now owns 29,885 shares of the company’s stock valued at $1,487,000 after acquiring an additional 5,788 shares during the period. Finally, Founders Financial Securities LLC acquired a new position in shares of Fidelity Total Bond ETF during the first quarter worth approximately $9,283,000.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND traded up $0.21 during midday trading on Wednesday, hitting $44.27. 1,012,736 shares of the company’s stock were exchanged, compared to its average volume of 1,312,049. The stock’s 50 day moving average price is $45.10 and its 200-day moving average price is $44.77. The firm has a market cap of $4.25 billion, a P/E ratio of 12.64 and a beta of 0.17. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.38.

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.