Focus Partners Wealth Has $109.03 Million Position in Fidelity Total Bond ETF $FBND

Focus Partners Wealth boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,365,381 shares of the company’s stock after buying an additional 271,890 shares during the quarter. Focus Partners Wealth owned approximately 0.45% of Fidelity Total Bond ETF worth $109,031,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fortitude Advisory Group L.L.C. lifted its holdings in Fidelity Total Bond ETF by 4,181.8% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 413,412 shares of the company’s stock worth $19,033,000 after buying an additional 403,757 shares during the period. Horizon Investment Services LLC lifted its holdings in Fidelity Total Bond ETF by 4.3% during the 4th quarter. Horizon Investment Services LLC now owns 77,460 shares of the company’s stock worth $3,566,000 after buying an additional 3,218 shares during the period. Element Wealth LLC lifted its holdings in Fidelity Total Bond ETF by 21.7% during the 4th quarter. Element Wealth LLC now owns 12,709 shares of the company’s stock worth $585,000 after buying an additional 2,262 shares during the period. Arax Advisory Partners acquired a new position in Fidelity Total Bond ETF during the 4th quarter worth about $14,127,000. Finally, Aptus Capital Advisors LLC lifted its holdings in Fidelity Total Bond ETF by 2.7% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,216,624 shares of the company’s stock worth $56,013,000 after buying an additional 31,911 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $45.53 on Monday. The stock has a 50-day moving average price of $45.62 and a 200-day moving average price of $45.98. Fidelity Total Bond ETF has a 1-year low of $44.82 and a 1-year high of $46.86. The firm has a market cap of $25.51 billion, a PE ratio of 8.94 and a beta of 0.27.

Fidelity Total Bond ETF Company 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.