Apella Capital LLC Acquires 172,999 Shares of Fidelity Total Bond ETF $FBND

Apella Capital LLC increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 994.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 190,402 shares of the company’s stock after buying an additional 172,999 shares during the period. Apella Capital LLC’s holdings in Fidelity Total Bond ETF were worth $8,903,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in FBND. Northwestern Mutual Wealth Management Co. grew its position in shares of Fidelity Total Bond ETF by 6.1% during 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 acquiring an additional 4,963,926 shares during the period. Gallagher Fiduciary Advisors LLC lifted its stake in Fidelity Total Bond ETF by 4,220.9% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 2,017,693 shares of the company’s stock valued at $92,309,000 after purchasing an additional 1,970,997 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Fidelity Total Bond ETF by 64.3% during the second quarter. Ritholtz Wealth Management now owns 3,610,928 shares of the company’s stock valued at $165,200,000 after purchasing an additional 1,412,766 shares during the period. Jane Street Group LLC grew its holdings in Fidelity Total Bond ETF by 8,037.4% during the first quarter. Jane Street Group LLC now owns 1,260,488 shares of the company’s stock valued at $57,541,000 after purchasing an additional 1,244,998 shares during the period. Finally, Sax Wealth Advisors LLC increased its position in Fidelity Total Bond ETF by 41.4% in the second quarter. Sax Wealth Advisors LLC now owns 2,644,754 shares of the company’s stock worth $120,997,000 after buying an additional 774,471 shares during the last quarter.

Fidelity Total Bond ETF Stock Down 0.0%

FBND opened at $46.39 on Friday. The company has a market capitalization of $22.17 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50-day moving average price of $46.41 and a 200-day moving average price of $46.09. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month 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.