Corient Private Wealth LLC increased its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 27.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 365,192 shares of the company’s stock after acquiring an additional 78,219 shares during the period. Corient Private Wealth LLC’s holdings in Fidelity Total Bond ETF were worth $16,708,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Fidelity Total Bond ETF during the 2nd quarter worth about $27,000. Caldwell Trust Co acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $34,000. Brown Lisle Cummings Inc. bought a new stake in Fidelity Total Bond ETF during the second quarter worth about $38,000. Darwin Wealth Management LLC acquired a new position in Fidelity Total Bond ETF during the second quarter valued at approximately $49,000. Finally, Clarity Asset Management Inc. grew its stake in Fidelity Total Bond ETF by 285.3% in the first 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 in the last quarter.
Fidelity Total Bond ETF Stock Down 0.0%
NYSEARCA:FBND opened at $46.27 on Thursday. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.86. The firm has a market capitalization of $22.11 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock’s 50 day moving average price is $46.43 and its two-hundred day moving average price is $46.03.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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