Harmony Asset Management LLC Takes Position in Fidelity Total Bond ETF $FBND

Harmony Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 57,944 shares of the company’s stock, valued at approximately $2,643,000. Fidelity Total Bond ETF makes up 0.8% of Harmony Asset Management LLC’s investment portfolio, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the first quarter worth about $25,000. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $37,000. Finally, Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth about $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.28 on Thursday. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The stock has a 50-day moving average price of $45.45 and a 200 day moving average price of $45.84. The company has a market capitalization of $26.90 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.