Advisory Services Network LLC Increases Stake in Fidelity Total Bond ETF $FBND

Advisory Services Network LLC raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 12.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 164,827 shares of the company’s stock after acquiring an additional 18,823 shares during the quarter. Advisory Services Network LLC’s holdings in Fidelity Total Bond ETF were worth $7,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV lifted its stake in shares of Fidelity Total Bond ETF by 5.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 24,302 shares of the company’s stock valued at $1,109,000 after buying an additional 1,148 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Fidelity Total Bond ETF by 5.9% during the 1st quarter. Raymond James Financial Inc. now owns 4,636,975 shares of the company’s stock valued at $211,678,000 after acquiring an additional 258,955 shares during the period. Aptus Capital Advisors LLC lifted its position in shares of Fidelity Total Bond ETF by 5.2% during the first quarter. Aptus Capital Advisors LLC now owns 1,097,269 shares of the company’s stock worth $50,090,000 after acquiring an additional 53,951 shares in the last quarter. RWA Wealth Partners LLC lifted its position in shares of Fidelity Total Bond ETF by 5.4% during the first quarter. RWA Wealth Partners LLC now owns 54,333 shares of the company’s stock worth $2,480,000 after acquiring an additional 2,796 shares in the last quarter. Finally, Capital Analysts LLC boosted its holdings in shares of Fidelity Total Bond ETF by 12.5% in the first quarter. Capital Analysts LLC now owns 2,217,830 shares of the company’s stock worth $101,244,000 after acquiring an additional 247,042 shares during the period.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $46.15 on Monday. The business’s fifty day moving average is $46.44 and its 200 day moving average is $46.02. The firm has a market cap of $22.05 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86.

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.