Founders Financial Securities LLC Buys 56,754 Shares of Fidelity Total Bond ETF $FBND

Founders Financial Securities LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 583,854 shares of the company’s stock after acquiring an additional 56,754 shares during the quarter. Fidelity Total Bond ETF comprises about 1.6% of Founders Financial Securities LLC’s portfolio, making the stock its 12th biggest holding. Founders Financial Securities LLC owned approximately 0.11% of Fidelity Total Bond ETF worth $26,881,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of FBND. Rialto Wealth Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $32,000. Clearstead Advisors LLC bought a new stake in shares of Fidelity Total Bond ETF during the 3rd quarter valued at $36,000. Tucker Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $37,000. Fifth Third Bancorp lifted its position in shares of Fidelity Total Bond ETF by 78.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after acquiring an additional 468 shares during the period. Finally, Key Capital Management INC bought a new stake in shares of Fidelity Total Bond ETF during the 4th quarter valued at $49,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.52 on Friday. The stock has a fifty day moving average price of $45.65 and a 200-day moving average price of $46.05. The company has a market cap of $25.50 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a fifty-two week low of $44.82 and a fifty-two week 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.