Envestnet Portfolio Solutions Inc. Has $9.69 Million Stock Position in Fidelity Total Bond ETF $FBND

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,838 shares of the company’s stock after buying an additional 3,573 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity Total Bond ETF were worth $9,692,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Pacific Financial acquired a new position in shares of Fidelity Total Bond ETF during the first quarter valued at about $25,000. Fifth Third Bancorp purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $27,000. Tsfg LLC purchased a new position in Fidelity Total Bond ETF during the first quarter worth about $29,000. Sound Income Strategies LLC boosted its holdings in Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $38,000.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $46.49 on Tuesday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.82. The stock has a market cap of $21.54 billion, a PE ratio of 8.94 and a beta of 0.17. The firm’s 50-day simple moving average is $46.16 and its 200 day simple moving average is $45.63.

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.