MML Investors Services LLC Acquires 505,553 Shares of Fidelity Total Bond ETF $FBND

MML Investors Services LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 25.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,467,073 shares of the company’s stock after purchasing an additional 505,553 shares during the period. MML Investors Services LLC owned 0.47% of Fidelity Total Bond ETF worth $113,584,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter valued at approximately $25,000. Rialto Wealth Management LLC bought a new position in Fidelity Total Bond ETF during the 4th quarter valued at approximately $32,000. Clearstead Advisors LLC bought a new position in Fidelity Total Bond ETF during the 3rd quarter valued at approximately $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $37,000. Finally, Fifth Third Bancorp raised its position in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after acquiring an additional 468 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.53 on Monday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The firm has a market capitalization of $25.51 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a 50 day moving average price of $45.62 and a 200-day moving average price of $45.98.

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.