Fidelity Total Bond ETF $FBND Stock Holdings Increased by Founders Financial Securities LLC

Founders Financial Securities LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.1% during the third quarter, Holdings Channel reports. The fund owned 527,100 shares of the company’s stock after purchasing an additional 112,388 shares during the quarter. Fidelity Total Bond ETF comprises 1.7% of Founders Financial Securities LLC’s portfolio, making the stock its 9th biggest holding. Founders Financial Securities LLC’s holdings in Fidelity Total Bond ETF were worth $24,373,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. lifted its holdings in Fidelity Total Bond ETF by 6.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 86,126,703 shares of the company’s stock valued at $3,940,297,000 after purchasing an additional 4,963,926 shares in the last quarter. Bank of America Corp DE raised its position in shares of Fidelity Total Bond ETF by 5.4% in the second quarter. Bank of America Corp DE now owns 12,270,942 shares of the company’s stock valued at $561,396,000 after buying an additional 629,015 shares during the last quarter. Sagespring Wealth Partners LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.9% during the second quarter. Sagespring Wealth Partners LLC now owns 9,733,745 shares of the company’s stock valued at $445,319,000 after buying an additional 177,177 shares during the period. Country Trust Bank boosted its position in Fidelity Total Bond ETF by 3.3% during the second quarter. Country Trust Bank now owns 6,186,144 shares of the company’s stock worth $283,016,000 after acquiring an additional 194,869 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Fidelity Total Bond ETF by 11.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,668,791 shares of the company’s stock worth $259,347,000 after acquiring an additional 571,082 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $46.27 on Wednesday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The company has a market capitalization of $22.11 billion, a PE ratio of 8.94 and a beta of 0.28. The stock has a fifty day moving average of $46.42 and a two-hundred day moving average of $46.07.

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.