ORG Partners LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,300 shares of the company’s stock after acquiring an additional 3,892 shares during the period. ORG Partners LLC’s holdings in Fidelity Total Bond ETF were worth $1,943,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in FBND. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $25,000. Northwest Investment Counselors LLC purchased a new position in Fidelity Total Bond ETF in the 3rd quarter worth about $30,000. Highline Wealth Partners LLC bought a new position in Fidelity Total Bond ETF during the 3rd quarter valued at about $47,000. Darwin Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at about $54,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Fidelity Total Bond ETF in the second quarter worth approximately $55,000.
Fidelity Total Bond ETF Stock Performance
Shares of FBND traded down $0.20 during mid-day trading on Friday, hitting $44.54. 820,794 shares of the company traded hands, compared to its average volume of 1,639,407. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The stock has a 50-day moving average price of $45.40 and a two-hundred day moving average price of $45.86. Fidelity Total Bond ETF has a 1 year low of $44.01 and a 1 year high of $47.30.
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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