Courier Capital LLC Boosts Stock Position in Fidelity Total Bond ETF $FBND

Courier Capital LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 344,513 shares of the company’s stock after purchasing an additional 22,781 shares during the quarter. Fidelity Total Bond ETF comprises about 0.8% of Courier Capital LLC’s holdings, making the stock its 18th largest holding. Courier Capital LLC’s holdings in Fidelity Total Bond ETF were worth $15,672,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after buying an additional 32,071 shares during the last quarter. Betterment LLC increased its stake in shares of Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after acquiring an additional 2,597 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth $49,000. Graney & King LLC increased its stake in shares of Fidelity Total Bond ETF by 7.3% in the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after acquiring an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Fidelity Total Bond ETF by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after acquiring an additional 1,924 shares during the period.

Fidelity Total Bond ETF Trading Up 0.0%

Shares of FBND stock opened at $44.91 on Thursday. The company’s 50-day moving average price is $45.27 and its 200-day moving average price is $45.68. The stock has a market cap of $27.21 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a twelve month low of $44.65 and a twelve month high of $46.86.

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.