Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Acquired by ERn Financial LLC

ERn Financial LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 11.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,158 shares of the company’s stock after purchasing an additional 2,331 shares during the quarter. ERn Financial LLC’s holdings in Fidelity Total Bond ETF were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $32,000. Centerpoint Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 1st quarter worth approximately $37,000. Strategic Financial Concepts LLC purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $49,000. Bell Investment Advisors Inc acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $55,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Fidelity Total Bond ETF in the fourth quarter valued at approximately $58,000.

Fidelity Total Bond ETF Trading Up 0.5 %

Shares of NYSEARCA FBND opened at $46.24 on Wednesday. The stock has a fifty day simple moving average of $46.59 and a 200-day simple moving average of $45.57. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $47.30. The stock has a market capitalization of $9.23 billion, a PE ratio of 8.85 and a beta of 0.19.

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.