Align Financial LLC Invests $141.73 Million in Fidelity Total Bond ETF $FBND

Align Financial LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,078,326 shares of the company’s stock, valued at approximately $141,726,000. Fidelity Total Bond ETF accounts for approximately 0.6% of Align Financial LLC’s portfolio, making the stock its 27th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $25,000. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $32,000. Clearstead Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $36,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $37,000. Finally, Key Capital Management INC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $49,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.48 on Thursday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The company has a market capitalization of $25.48 billion, a PE ratio of 8.94 and a beta of 0.27. The business’s fifty day moving average is $45.61 and its 200 day moving average is $45.96.

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.