27,740 Fidelity Total Bond ETF $FBND Shares Purchased by Sard Wealth Management Group LLC

Sard Wealth Management Group LLC boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 640,420 shares of the company’s stock after buying an additional 27,740 shares during the period. Fidelity Total Bond ETF accounts for 11.1% of Sard Wealth Management Group LLC’s portfolio, making the stock its 2nd biggest holding. Sard Wealth Management Group LLC owned about 0.10% of Fidelity Total Bond ETF worth $27,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GHP Investment Advisors Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 1st quarter valued at $25,000. Community Financial Services Group LLC acquired a new stake in shares of Fidelity Total Bond ETF during 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 bought a new stake in Fidelity Total Bond ETF in the first quarter worth $53,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Fidelity Total Bond ETF by 180.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after acquiring an additional 847 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

Shares of NYSEARCA:FBND traded down $0.01 during trading on Friday, reaching $43.82. The stock had a trading volume of 5,305,343 shares, compared to its average volume of 3,184,228. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.86. The stock has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $45.05.

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.