Crumly & Associates Inc. Buys 41,898 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Crumly & Associates Inc. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 63.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,122 shares of the company’s stock after buying an additional 41,898 shares during the period. Fidelity Total Bond ETF accounts for 1.4% of Crumly & Associates Inc.’s portfolio, making the stock its 26th biggest position. Crumly & Associates Inc.’s holdings in Fidelity Total Bond ETF were worth $5,054,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Galvin Gaustad & Stein LLC increased its stake in shares of Fidelity Total Bond ETF by 13.9% during the third quarter. Galvin Gaustad & Stein LLC now owns 48,093 shares of the company’s stock valued at $2,248,000 after buying an additional 5,887 shares during the period. ABLE Financial Group LLC increased its stake in shares of Fidelity Total Bond ETF by 206.2% during the third quarter. ABLE Financial Group LLC now owns 206,136 shares of the company’s stock valued at $9,635,000 after buying an additional 138,821 shares during the period. TFB Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 394.4% during the third quarter. TFB Advisors LLC now owns 26,940 shares of the company’s stock valued at $1,259,000 after buying an additional 21,491 shares during the period. Trademark Financial Management LLC purchased a new position in shares of Fidelity Total Bond ETF during the third quarter valued at approximately $368,000. Finally, Spinnaker Trust increased its stake in shares of Fidelity Total Bond ETF by 6.9% during the third quarter. Spinnaker Trust now owns 119,143 shares of the company’s stock valued at $5,569,000 after buying an additional 7,740 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND opened at $45.69 on Friday. Fidelity Total Bond ETF has a 52-week low of $43.34 and a 52-week high of $47.30. The stock has a market capitalization of $9.12 billion, a PE ratio of 8.85 and a beta of 0.19. The stock’s 50 day moving average price is $46.34 and its 200-day moving average price is $45.70.

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.