161,872 Fidelity Total Bond ETF $FBND Shares Purchased by Summit Financial Strategies Inc.

Summit Financial Strategies Inc. increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,546,072 shares of the company’s stock after purchasing an additional 161,872 shares during the quarter. Fidelity Total Bond ETF comprises about 7.7% of Summit Financial Strategies Inc.’s portfolio, making the stock its 4th biggest position. Summit Financial Strategies Inc.’s holdings in Fidelity Total Bond ETF were worth $110,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FBND. GHP Investment Advisors Inc. purchased a new stake in Fidelity Total Bond ETF in the first quarter valued at $25,000. Community Financial Services Group LLC acquired a new position in Fidelity Total Bond ETF in the second quarter valued at $32,000. Maryland Capital Advisors Inc. purchased a new position in shares of Fidelity Total Bond ETF during the second quarter worth about $37,000. Manning & Napier Advisors LLC purchased a new position in shares of Fidelity Total Bond ETF during the first quarter worth about $53,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Fidelity Total Bond ETF by 180.6% during the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after purchasing an additional 847 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

FBND opened at $43.54 on Thursday. The business’s 50-day simple moving average is $44.32 and its 200-day simple moving average is $45.07. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.86. The stock has a market capitalization of $28.07 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.