Navalign LLC raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 4.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 1,030,049 shares of the company’s stock after acquiring an additional 39,507 shares during the period. Fidelity Total Bond ETF makes up about 11.9% of Navalign LLC’s holdings, making the stock its largest holding. Navalign LLC’s holdings in Fidelity Total Bond ETF were worth $46,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth $25,000. GHP Investment Advisors Inc. purchased a new position in Fidelity Total Bond ETF during the first quarter valued at $25,000. Rialto Wealth Management LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF in the 4th quarter valued at $37,000. Finally, Key Capital Management INC purchased a new stake in Fidelity Total Bond ETF in the 4th quarter worth $49,000.
Fidelity Total Bond ETF Stock Down 0.4%
FBND opened at $45.29 on Wednesday. The firm has a 50-day simple moving average of $45.51 and a two-hundred day simple moving average of $45.89. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 week high of $46.86. The company has a market capitalization of $26.53 billion, a PE ratio of 8.94 and a beta of 0.27.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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