Wealth Quarterback LLC purchased a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,372 shares of the company’s stock, valued at approximately $292,000.
Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp bought a new position in Fidelity Total Bond ETF in the second quarter worth about $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $38,000. Clarity Asset Management Inc. boosted its position in Fidelity Total Bond ETF by 285.3% during the 1st quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after purchasing an additional 1,010 shares during the period. Bogart Wealth LLC increased its position in Fidelity Total Bond ETF by 23.3% in the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock worth $72,000 after buying an additional 297 shares during the period. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $86,000.
Fidelity Total Bond ETF Price Performance
Shares of FBND stock opened at $46.47 on Wednesday. The business has a 50 day simple moving average of $46.45 and a 200 day simple moving average of $45.83. The firm has a market capitalization of $22.20 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.86.
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.
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