Fidelity Total Bond ETF $FBND is Rise Advisors LLC’s 5th Largest Position

Rise Advisors LLC raised its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 918.6% during the third quarter, Holdings Channel reports. The fund owned 311,631 shares of the company’s stock after buying an additional 281,038 shares during the period. Fidelity Total Bond ETF makes up approximately 5.2% of Rise Advisors LLC’s portfolio, making the stock its 5th largest position. Rise Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $14,410,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FBND. Capital Analysts LLC raised its holdings in shares of Fidelity Total Bond ETF by 12.5% in the 1st quarter. Capital Analysts LLC now owns 2,217,830 shares of the company’s stock worth $101,244,000 after purchasing an additional 247,042 shares during the period. TFB Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 24.7% during the 1st quarter. TFB Advisors LLC now owns 66,454 shares of the company’s stock valued at $3,034,000 after buying an additional 13,159 shares during the last quarter. Accredited Wealth Management LLC grew its stake in shares of Fidelity Total Bond ETF by 14.5% during the 1st quarter. Accredited Wealth Management LLC now owns 121,086 shares of the company’s stock worth $5,550,000 after acquiring an additional 15,310 shares during the period. CW Advisors LLC grew its stake in shares of Fidelity Total Bond ETF by 2,312.3% during the 1st quarter. CW Advisors LLC now owns 146,689 shares of the company’s stock worth $6,689,000 after acquiring an additional 140,608 shares during the period. Finally, Barnes Wealth Management Group Inc increased its holdings in Fidelity Total Bond ETF by 26.4% in the 1st quarter. Barnes Wealth Management Group Inc now owns 11,276 shares of the company’s stock worth $515,000 after acquiring an additional 2,357 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of Fidelity Total Bond ETF stock opened at $46.27 on Thursday. The stock has a market capitalization of $22.11 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The stock’s 50-day simple moving average is $46.43 and its 200 day simple moving average is $46.03.

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.