Aptus Capital Advisors LLC Takes Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Aptus Capital Advisors LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 871,158 shares of the company’s stock, valued at approximately $40,718,000.

A number of other hedge funds have also recently modified their holdings of FBND. Mather Group LLC. grew its stake in shares of Fidelity Total Bond ETF by 4,145.0% in the third quarter. Mather Group LLC. now owns 3,544,982 shares of the company’s stock worth $165,692,000 after acquiring an additional 3,461,472 shares during the period. Summit Financial Strategies Inc. grew its position in Fidelity Total Bond ETF by 4,346.0% in the 2nd quarter. Summit Financial Strategies Inc. now owns 1,295,739 shares of the company’s stock valued at $58,218,000 after acquiring an additional 1,266,595 shares during the last quarter. Crane Advisory LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at about $50,363,000. Quotient Wealth Partners LLC bought a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth $44,290,000. Finally, McKinley Carter Wealth Services Inc. increased its position in shares of Fidelity Total Bond ETF by 256.5% during the third quarter. McKinley Carter Wealth Services Inc. now owns 1,355,457 shares of the company’s stock worth $63,354,000 after purchasing an additional 975,262 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Fidelity Total Bond ETF stock traded down $0.11 during trading hours on Tuesday, hitting $45.51. 282,780 shares of the stock traded hands, compared to its average volume of 1,657,981. Fidelity Total Bond ETF has a 1 year low of $43.34 and a 1 year high of $47.30. The stock has a market capitalization of $9.08 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm’s 50 day moving average price is $46.33 and its 200-day moving average price is $45.73.

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.