Worth Asset Management LLC Invests $1.38 Million in Fidelity Total Bond ETF $FBND

Worth Asset Management LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,238 shares of the company’s stock, valued at approximately $1,379,000.

Other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC lifted its position in Fidelity Total Bond ETF by 400.5% in the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after acquiring an additional 32,071 shares during the last quarter. Betterment LLC grew its holdings in shares of Fidelity Total Bond ETF by 2.7% during the second quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the second quarter worth about $49,000. Graney & King LLC increased its position in shares of Fidelity Total Bond ETF by 7.3% during the second quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after purchasing an additional 3,402 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Fidelity Total Bond ETF by 40.9% during the second quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after purchasing an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $45.49 on Tuesday. The company has a market capitalization of $25.49 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week high of $46.86. The stock has a 50-day simple moving average of $45.59 and a 200-day simple moving average of $45.94.

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.