Sage Private Wealth Group LLC acquired a new stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the third quarter, Holdings Channel reports. The fund acquired 60,374 shares of the company’s stock, valued at approximately $2,614,000. Fidelity Total Bond ETF accounts for 0.8% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 25th biggest holding.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new position in Fidelity Total Bond ETF during the 1st quarter worth $25,000. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF in the second quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the second quarter worth $37,000. Manning & Napier Advisors LLC bought a new stake in Fidelity Total Bond ETF in the first quarter valued at $53,000. Finally, Sound Income Strategies LLC lifted its stake in Fidelity Total Bond ETF by 180.6% in the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock valued at $60,000 after buying an additional 847 shares during the last quarter.
Fidelity Total Bond ETF Stock Performance
Shares of FBND opened at $43.76 on Thursday. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a fifty day moving average of $44.20 and a 200-day moving average of $45.01.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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