Royal Bank of Canada Raises Stock Holdings in Fidelity Total Bond ETF $FBND

Royal Bank of Canada grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,191,053 shares of the company’s stock after buying an additional 187,088 shares during the period. Royal Bank of Canada owned 0.75% of Fidelity Total Bond ETF worth $191,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FBND. Eley Financial Management Inc boosted its position in shares of Fidelity Total Bond ETF by 3.0% in the 1st quarter. Eley Financial Management Inc now owns 46,676 shares of the company’s stock worth $2,134,000 after purchasing an additional 1,349 shares in the last quarter. Envision Financial Planning LLC raised its stake in Fidelity Total Bond ETF by 12.5% during the first quarter. Envision Financial Planning LLC now owns 560,272 shares of the company’s stock valued at $25,560,000 after buying an additional 62,385 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in Fidelity Total Bond ETF by 102.7% in the first quarter. Gateway Wealth Partners LLC now owns 21,582 shares of the company’s stock worth $985,000 after acquiring an additional 10,933 shares in the last quarter. Wealth Watch Advisors INC grew its stake in shares of Fidelity Total Bond ETF by 18.1% in the first quarter. Wealth Watch Advisors INC now owns 29,715 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,546 shares during the last quarter. Finally, Blue Chip Partners LLC increased its holdings in shares of Fidelity Total Bond ETF by 3.7% during the first quarter. Blue Chip Partners LLC now owns 2,979,026 shares of the company’s stock valued at $135,903,000 after acquiring an additional 106,593 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

FBND opened at $44.98 on Thursday. The firm has a market cap of $27.10 billion, a PE ratio of 8.94 and a beta of 0.27. The stock has a 50-day moving average price of $45.39 and a 200-day moving average price of $45.76. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86.

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.