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

Oppenheimer & Co. Inc. grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 19.1% in the third quarter, Holdings Channel reports. The institutional investor owned 141,571 shares of the company’s stock after purchasing an additional 22,658 shares during the period. Oppenheimer & Co. Inc.’s holdings in Fidelity Total Bond ETF were worth $6,130,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FBND. Community Financial Services Group LLC bought a new position in Fidelity Total Bond ETF during the second quarter valued at about $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF during the second quarter valued at approximately $37,000. Manning & Napier Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the first quarter valued at $53,000. Sound Income Strategies LLC raised its stake in shares of 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 valued at $60,000 after purchasing an additional 847 shares in the last quarter. Finally, Mosley Wealth Management bought a new position in Fidelity Total Bond ETF in the third quarter worth $64,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND stock opened at $44.06 on Thursday. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.84. The stock has a fifty day moving average price of $44.12 and a 200 day moving average price of $45.29. The stock has a market cap of $28.41 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.