Sonoma Allocations LLC Makes New $13.59 Million Investment in Fidelity Total Bond ETF $FBND

Sonoma Allocations LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 290,332 shares of the company’s stock, valued at approximately $13,588,000. Fidelity Total Bond ETF comprises 5.0% of Sonoma Allocations LLC’s portfolio, making the stock its 5th biggest position. Sonoma Allocations LLC owned 0.06% of Fidelity Total Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in Fidelity Total Bond ETF in the second quarter worth $27,000. Caldwell Trust Co bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at $34,000. Brown Lisle Cummings Inc. acquired a new stake in Fidelity Total Bond ETF during the 2nd quarter worth $38,000. Maryland Capital Advisors Inc. lifted its holdings in Fidelity Total Bond ETF by 378.5% during the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after acquiring an additional 651 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Fidelity Total Bond ETF during the second quarter worth about $49,000.

Fidelity Total Bond ETF Trading Up 0.2%

NYSEARCA:FBND opened at $46.18 on Friday. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86. The stock has a 50-day moving average price of $46.30 and a two-hundred day moving average price of $46.14. The stock has a market cap of $23.54 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

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.