Forum Private Client Group LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 69.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 18,975 shares of the company’s stock after acquiring an additional 7,795 shares during the period. Forum Private Client Group LLC’s holdings in Fidelity Total Bond ETF were worth $868,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth $27,000. Brown Lisle Cummings Inc. purchased a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $38,000. Clarity Asset Management Inc. lifted its position in Fidelity Total Bond ETF by 285.3% in the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after buying an additional 1,010 shares during the last quarter. Creekmur Asset Management LLC purchased a new position in Fidelity Total Bond ETF during the second quarter worth about $86,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Fidelity Total Bond ETF during the first quarter worth about $92,000.
Fidelity Total Bond ETF Price Performance
Shares of FBND opened at $46.46 on Friday. The firm has a 50-day simple moving average of $46.45 and a two-hundred day simple moving average of $45.88. The stock has a market cap of $22.20 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86.
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.
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