Norris Perne & French LLP MI Raises Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Norris Perne & French LLP MI increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 29.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,461 shares of the company’s stock after buying an additional 6,709 shares during the period. Norris Perne & French LLP MI’s holdings in Fidelity Total Bond ETF were worth $1,377,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in FBND. Northwest Investment Counselors LLC bought a new stake in Fidelity Total Bond ETF in the 3rd quarter valued at about $30,000. Transcendent Capital Group LLC bought a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter valued at approximately $37,000. Highline Wealth Partners LLC bought a new position in Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000. Finally, Strategic Financial Concepts LLC purchased a new position in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $49,000.

Fidelity Total Bond ETF Stock Down 0.1 %

FBND stock opened at $45.51 on Friday. The stock has a 50-day simple moving average of $46.47 and a two-hundred day simple moving average of $45.64. Fidelity Total Bond ETF has a twelve month low of $42.65 and a twelve month high of $47.30. The firm has a market capitalization of $9.08 billion, a PE ratio of 8.85 and a beta of 0.19.

Fidelity Total Bond ETF 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.