Fidelity Total Bond ETF $FBND Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 442.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 91,798 shares of the company’s stock after buying an additional 74,877 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity Total Bond ETF were worth $4,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tritonpoint Wealth LLC grew its stake in shares of Fidelity Total Bond ETF by 2.2% during the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after purchasing an additional 1,239 shares in the last quarter. Beacon Capital Management LLC grew its stake in shares of Fidelity Total Bond ETF by 84.6% during the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock worth $208,000 after purchasing an additional 2,085 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth $427,000. Cerity Partners LLC grew its stake in shares of Fidelity Total Bond ETF by 27.5% during the first quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock worth $366,000 after purchasing an additional 1,729 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Fidelity Total Bond ETF by 1.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock worth $6,862,000 after purchasing an additional 2,642 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of FBND stock opened at $46.76 on Friday. The firm has a fifty day moving average price of $46.32 and a 200 day moving average price of $45.70. The company has a market cap of $21.87 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $46.85.

Fidelity Total Bond ETF 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.