Fidelity Total Bond ETF $FBND Shares Acquired by Steph & Co.

Steph & Co. lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 316,767 shares of the company’s stock after acquiring an additional 67,854 shares during the quarter. Fidelity Total Bond ETF accounts for about 3.4% of Steph & Co.’s portfolio, making the stock its 4th largest position. Steph & Co.’s holdings in Fidelity Total Bond ETF were worth $13,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FBND. GHP Investment Advisors Inc. purchased a new position in Fidelity Total Bond ETF in the first quarter valued at $25,000. Community Financial Services Group LLC purchased a new position in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $32,000. Maryland Capital Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $37,000. Manning & Napier Advisors LLC acquired a new stake in Fidelity Total Bond ETF in the first quarter valued at approximately $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 worth $60,000 after acquiring an additional 847 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.1%

Fidelity Total Bond ETF stock traded down $0.03 during trading on Wednesday, reaching $43.32. The stock had a trading volume of 9,395,235 shares, compared to its average volume of 3,126,175. Fidelity Total Bond ETF has a 52-week low of $43.11 and a 52-week high of $46.86. The stock has a market cap of $27.93 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a 50 day moving average price of $44.46 and a 200 day moving average price of $45.15.

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.