Summit Financial Strategies Inc. Grows Position in Fidelity Total Bond ETF (NYSEARCA:FBND)

Summit Financial Strategies Inc. raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,737,448 shares of the company’s stock after purchasing an additional 147,437 shares during the period. Fidelity Total Bond ETF accounts for about 8.6% of Summit Financial Strategies Inc.’s holdings, making the stock its 3rd biggest position. Summit Financial Strategies Inc. owned 0.87% of Fidelity Total Bond ETF worth $77,959,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in Fidelity Total Bond ETF in the second quarter worth about $2,687,000. Bank of Montreal Can lifted its position in Fidelity Total Bond ETF by 17.9% in the 2nd quarter. Bank of Montreal Can now owns 9,217 shares of the company’s stock valued at $419,000 after acquiring an additional 1,397 shares in the last quarter. Susquehanna International Group LLP increased its holdings in Fidelity Total Bond ETF by 2,296.1% in the 2nd quarter. Susquehanna International Group LLP now owns 278,262 shares of the company’s stock worth $12,502,000 after buying an additional 266,649 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF in the second quarter worth approximately $5,132,000. Finally, Creative Planning raised its holdings in shares of Fidelity Total Bond ETF by 3.3% during the second quarter. Creative Planning now owns 75,020 shares of the company’s stock valued at $3,371,000 after purchasing an additional 2,380 shares during the last quarter.

Fidelity Total Bond ETF Stock Up 0.2 %

Shares of Fidelity Total Bond ETF stock opened at $45.01 on Monday. Fidelity Total Bond ETF has a twelve month low of $44.01 and a twelve month high of $47.30. The company’s 50 day moving average is $45.26 and its 200 day moving average is $45.84. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19.

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.