Duncan Williams Asset Management LLC Acquires Shares of 339,158 Fidelity Total Bond ETF $FBND

Duncan Williams Asset Management LLC bought a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 339,158 shares of the company’s stock, valued at approximately $15,516,000. Fidelity Total Bond ETF makes up about 2.4% of Duncan Williams Asset Management LLC’s holdings, making the stock its 7th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PFG Investments LLC increased its holdings in Fidelity Total Bond ETF by 3.2% in the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after acquiring an additional 282 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of Fidelity Total Bond ETF by 23.3% in the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after purchasing an additional 297 shares in the last quarter. Sound Income Strategies LLC increased its position in Fidelity Total Bond ETF by 63.1% in the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Kraft Davis & Associates LLC raised its stake in Fidelity Total Bond ETF by 2.8% during the first quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock valued at $562,000 after purchasing an additional 338 shares in the last quarter. Finally, Legacy Solutions LLC raised its stake in Fidelity Total Bond ETF by 0.8% during the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after purchasing an additional 382 shares in the last quarter.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of NYSEARCA:FBND opened at $46.33 on Monday. The stock has a market capitalization of $21.27 billion, a P/E ratio of 8.94 and a beta of 0.17. Fidelity Total Bond ETF has a 52 week low of $44.30 and a 52 week high of $46.75. The firm has a fifty day simple moving average of $46.08 and a two-hundred day simple moving average of $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.