OneAscent Financial Services LLC Purchases 123,042 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

OneAscent Financial Services LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 454.2% in the first quarter, Holdings Channel reports. The institutional investor owned 150,132 shares of the company’s stock after buying an additional 123,042 shares during the period. Fidelity Total Bond ETF comprises 0.8% of OneAscent Financial Services LLC’s portfolio, making the stock its 21st biggest holding. OneAscent Financial Services LLC’s holdings in Fidelity Total Bond ETF were worth $6,827,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FBND. RFG Advisory LLC boosted its stake in shares of Fidelity Total Bond ETF by 44.0% during the 1st quarter. RFG Advisory LLC now owns 3,578,128 shares of the company’s stock worth $162,125,000 after buying an additional 1,093,311 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Fidelity Total Bond ETF by 2,874.0% in the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock valued at $130,996,000 after acquiring an additional 2,906,069 shares during the last quarter. Legacy Wealth Management Inc grew its holdings in Fidelity Total Bond ETF by 3.8% during the first quarter. Legacy Wealth Management Inc now owns 2,808,495 shares of the company’s stock worth $127,253,000 after purchasing an additional 101,951 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Fidelity Total Bond ETF by 31.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,647,000 shares of the company’s stock worth $121,868,000 after acquiring an additional 628,777 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Fidelity Total Bond ETF by 0.8% in the fourth quarter. UBS Group AG now owns 2,440,424 shares of the company’s stock valued at $112,357,000 after purchasing an additional 18,964 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND traded down $0.21 during mid-day trading on Friday, hitting $44.93. 1,122,481 shares of the stock were exchanged, compared to its average volume of 1,244,409. The firm’s 50-day simple moving average is $44.87 and its 200 day simple moving average is $45.18. The stock has a market capitalization of $8.97 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 $42.45 and a fifty-two week high of $46.21.

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.