Fidelity Total Bond ETF $FBND Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 9,573.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,356 shares of the company’s stock after buying an additional 162,657 shares during the quarter. Fifth Third Bancorp’s holdings in Fidelity Total Bond ETF were worth $7,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Network Inc. increased its stake in Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after purchasing an additional 20,803 shares during the last quarter. Sunburst Financial Group LLC lifted its position in shares of Fidelity Total Bond ETF by 2.6% during the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after buying an additional 28,089 shares during the last quarter. Genesis Private Wealth LLC lifted its position in shares of Fidelity Total Bond ETF by 9.0% during the 4th quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after buying an additional 26,093 shares during the last quarter. OLIO Financial Planning boosted its holdings in shares of Fidelity Total Bond ETF by 5.8% in the 4th quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock valued at $44,923,000 after buying an additional 53,318 shares in the last quarter. Finally, Capital Wealth Management LLC boosted its holdings in shares of Fidelity Total Bond ETF by 9.3% in the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock valued at $28,536,000 after buying an additional 53,398 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.28 on Thursday. The stock’s 50-day moving average is $45.45 and its two-hundred day moving average is $45.84. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86.

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.