Midwest Financial Network LLC boosted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 112.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,425 shares of the company’s stock after acquiring an additional 12,396 shares during the period. Midwest Financial Network LLC’s holdings in Fidelity Total Bond ETF were worth $1,066,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter valued at approximately $25,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fidelity Total Bond ETF during the 1st quarter worth $25,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth $37,000. Key Capital Management INC purchased a new stake in shares of Fidelity Total Bond ETF during the 4th quarter worth $49,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth $49,000.
Fidelity Total Bond ETF Price Performance
NYSEARCA:FBND opened at $45.06 on Thursday. The firm has a market capitalization of $27.30 billion, a PE ratio of 8.94 and a beta of 0.27. The business’s fifty day moving average price is $45.33 and its 200 day moving average price is $45.72. Fidelity Total Bond ETF has a 12 month low of $44.65 and a 12 month high of $46.86.
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.
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