Commonwealth Equity Services LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 39.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,379,142 shares of the company’s stock after acquiring an additional 669,838 shares during the period. Commonwealth Equity Services LLC’s holdings in Fidelity Total Bond ETF were worth $111,201,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of FBND. Transcendent Capital Group LLC purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth $32,000. Centerpoint Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at about $37,000. Strategic Financial Concepts LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $49,000. Bell Investment Advisors Inc purchased a new stake in shares of Fidelity Total Bond ETF during the second quarter worth approximately $55,000. Finally, PNC Financial Services Group Inc. acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at approximately $58,000.
Fidelity Total Bond ETF Stock Up 0.1 %
NYSEARCA FBND traded up $0.04 on Friday, hitting $46.14. 937,971 shares of the stock were exchanged, compared to its average volume of 1,341,126. Fidelity Total Bond ETF has a fifty-two week low of $42.45 and a fifty-two week high of $47.30. The company has a 50-day moving average price of $46.60 and a 200-day moving average price of $45.59. The company has a market cap of $9.21 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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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