Ascent Group LLC Buys 28,780 Shares of Fidelity Total Bond ETF $FBND

Ascent Group LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 484.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,720 shares of the company’s stock after purchasing an additional 28,780 shares during the quarter. Ascent Group LLC’s holdings in Fidelity Total Bond ETF were worth $1,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of FBND. NBC Securities Inc. purchased a new position in Fidelity Total Bond ETF in the 1st quarter valued at approximately $28,000. RDA Financial Network boosted its position in shares of Fidelity Total Bond ETF by 1.5% in the first quarter. RDA Financial Network now owns 88,680 shares of the company’s stock valued at $4,048,000 after acquiring an additional 1,337 shares during the period. KMG Fiduciary Partners LLC boosted its holdings in Fidelity Total Bond ETF by 173.6% in the 1st quarter. KMG Fiduciary Partners LLC now owns 291,909 shares of the company’s stock valued at $13,326,000 after purchasing an additional 185,226 shares during the period. One Plus One Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 10.0% during the first quarter. One Plus One Wealth Management LLC now owns 20,183 shares of the company’s stock valued at $921,000 after buying an additional 1,843 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in shares of Fidelity Total Bond ETF by 69.2% during the first quarter. Park Avenue Securities LLC now owns 22,559 shares of the company’s stock worth $1,030,000 after purchasing an additional 9,225 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of FBND opened at $46.33 on Monday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.75. The company has a market capitalization of $21.17 billion, a P/E ratio of 8.94 and a beta of 0.17. The firm’s 50 day simple moving average is $46.08 and its 200 day simple moving average is $45.60.

Fidelity Total Bond ETF 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.