Cedar Point Capital Partners LLC Buys New Stake in Fidelity Total Bond ETF (NYSEARCA:FBND)

Cedar Point Capital Partners LLC bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 4th quarter, HoldingsChannel reports. The fund bought 29,700 shares of the company’s stock, valued at approximately $1,367,000. Fidelity Total Bond ETF comprises 1.1% of Cedar Point Capital Partners LLC’s portfolio, making the stock its 21st biggest position.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE increased its position in shares of Fidelity Total Bond ETF by 316.7% during the 1st quarter. Bank of America Corp DE now owns 3,081,245 shares of the company’s stock valued at $141,737,000 after purchasing an additional 2,341,860 shares during the period. RFG Advisory LLC boosted its position in shares of Fidelity Total Bond ETF by 15.9% in the third quarter. RFG Advisory LLC now owns 3,080,578 shares of the company’s stock worth $134,190,000 after buying an additional 423,323 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Fidelity Total Bond ETF by 2,874.0% in the third quarter. JPMorgan Chase & Co. now owns 3,007,184 shares of the company’s stock worth $130,996,000 after buying an additional 2,906,069 shares during the period. Legacy Wealth Management Inc acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $120,780,000. Finally, UBS Group AG boosted its position in shares of Fidelity Total Bond ETF by 9.8% in the third quarter. UBS Group AG now owns 2,421,460 shares of the company’s stock worth $105,479,000 after buying an additional 216,582 shares during the period.

Fidelity Total Bond ETF Stock Down 0.7 %

Shares of Fidelity Total Bond ETF stock traded down $0.29 during midday trading on Monday, hitting $44.23. The company’s stock had a trading volume of 992,743 shares, compared to its average volume of 1,317,394. Fidelity Total Bond ETF has a 1-year low of $42.45 and a 1-year high of $46.38. The stock has a 50-day simple moving average of $45.15 and a 200-day simple moving average of $44.76. The firm has a market capitalization of $4.24 billion, a P/E ratio of 12.64 and a beta of 0.17.

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.