Summit Wealth Group LLC Co. Buys New Shares in Fidelity Total Bond ETF $FBND

Summit Wealth Group LLC Co. bought a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,528 shares of the company’s stock, valued at approximately $531,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EnRich Financial Partners LLC grew its holdings in Fidelity Total Bond ETF by 4.0% during the third quarter. EnRich Financial Partners LLC now owns 475,238 shares of the company’s stock worth $21,975,000 after purchasing an additional 18,362 shares during the period. Sunburst Financial Group LLC grew its holdings in Fidelity Total Bond ETF by 2.6% during the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after purchasing an additional 28,089 shares during the period. Financial Management Network Inc. grew its holdings in Fidelity Total Bond ETF by 20.3% during the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after purchasing an additional 20,803 shares during the period. Drake & Associates LLC boosted its holdings in shares of Fidelity Total Bond ETF by 14.3% during the third quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after acquiring an additional 104,664 shares during the period. Finally, Coyle Financial Counsel LLC boosted its holdings in shares of Fidelity Total Bond ETF by 21.8% during the third quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock worth $34,019,000 after acquiring an additional 131,713 shares during the period.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.51 on Thursday. Fidelity Total Bond ETF has a 12-month low of $44.73 and a 12-month high of $46.86. The stock has a market cap of $25.50 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a 50 day moving average of $45.82 and a 200-day moving average of $46.14.

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.