Fidelity Total Bond ETF $FBND Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,435,649 shares of the company’s stock after acquiring an additional 111,744 shares during the period. Fidelity Total Bond ETF makes up 0.6% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 25th largest position. Concurrent Investment Advisors LLC owned about 0.24% of Fidelity Total Bond ETF worth $65,308,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FBND. Cerity Partners LLC boosted its holdings in shares of Fidelity Total Bond ETF by 400.5% in the 2nd quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock valued at $1,834,000 after purchasing an additional 32,071 shares during the last quarter. Betterment LLC grew its stake in shares of Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock valued at $4,461,000 after buying an additional 2,597 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF during the 2nd quarter worth $49,000. Graney & King LLC increased its holdings in shares of Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Fidelity Total Bond ETF by 40.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock worth $303,000 after buying an additional 1,924 shares during the period.

Fidelity Total Bond ETF Trading Up 0.1%

Shares of Fidelity Total Bond ETF stock opened at $44.71 on Friday. Fidelity Total Bond ETF has a twelve month low of $44.59 and a twelve month high of $46.86. The stock has a market capitalization of $27.09 billion, a P/E ratio of 8.94 and a beta of 0.27. The business’s fifty day moving average price is $45.08 and its 200 day moving average price is $45.54.

About Fidelity Total Bond ETF

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.