Thrivent Financial for Lutherans Has $100.98 Million Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Thrivent Financial for Lutherans increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 85.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,159,030 shares of the company’s stock after buying an additional 992,739 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fidelity Total Bond ETF were worth $100,976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $30,000. Transcendent Capital Group LLC acquired a new stake in Fidelity Total Bond ETF during the second quarter valued at approximately $32,000. Highline Wealth Partners LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter valued at approximately $47,000. Bell Investment Advisors Inc acquired a new position in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $55,000. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Fidelity Total Bond ETF by 2,468.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,618 shares of the company’s stock worth $73,000 after buying an additional 1,555 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $45.34 on Monday. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock’s fifty day simple moving average is $46.22 and its 200 day simple moving average is $45.75. Fidelity Total Bond ETF has a one year low of $43.95 and a one year high of $47.30.

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.