D.A. Davidson & CO. Has $11.25 Million Stock Position in Fidelity Total Bond ETF $FBND

D.A. Davidson & CO. raised its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 165.1% in the third quarter, HoldingsChannel reports. The fund owned 243,323 shares of the company’s stock after purchasing an additional 151,525 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity Total Bond ETF were worth $11,251,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Foronjy Financial LLC raised its position in shares of Fidelity Total Bond ETF by 10.8% during the third quarter. Foronjy Financial LLC now owns 58,749 shares of the company’s stock worth $2,717,000 after purchasing an additional 5,719 shares during the period. Summit Financial Strategies Inc. increased its stake in Fidelity Total Bond ETF by 2.9% during the 3rd quarter. Summit Financial Strategies Inc. now owns 2,005,230 shares of the company’s stock valued at $92,722,000 after purchasing an additional 57,045 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Fidelity Total Bond ETF by 20.8% during the third quarter. Commonwealth Equity Services LLC now owns 4,373,035 shares of the company’s stock worth $202,209,000 after buying an additional 752,861 shares during the last quarter. Kearns & Associates LLC raised its holdings in Fidelity Total Bond ETF by 16.2% during the third quarter. Kearns & Associates LLC now owns 18,035 shares of the company’s stock worth $834,000 after buying an additional 2,520 shares during the last quarter. Finally, Cedar Point Capital Partners LLC lifted its stake in shares of Fidelity Total Bond ETF by 1.4% in the third quarter. Cedar Point Capital Partners LLC now owns 21,005 shares of the company’s stock valued at $971,000 after buying an additional 292 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA FBND opened at $46.13 on Tuesday. The company has a 50-day moving average price of $46.33 and a 200-day moving average price of $46.13. The stock has a market capitalization of $23.44 billion, a P/E ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 1 year low of $44.30 and a 1 year high of $46.86.

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.