Apella Capital LLC Has $11.34 Million Position in Fidelity Total Bond ETF $FBND

Apella Capital LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 14.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 246,253 shares of the company’s stock after purchasing an additional 30,217 shares during the period. Apella Capital LLC’s holdings in Fidelity Total Bond ETF were worth $11,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Fidelity Total Bond ETF in the fourth quarter valued at approximately $25,000. Rialto Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth approximately $32,000. Clearstead Advisors LLC bought a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter valued at $37,000. Finally, Key Capital Management INC bought a new position in Fidelity Total Bond ETF in the 4th quarter valued at about $49,000.

Fidelity Total Bond ETF Trading Up 0.5%

Shares of Fidelity Total Bond ETF stock opened at $45.76 on Thursday. The stock has a fifty day simple moving average of $45.59 and a 200 day simple moving average of $45.93. Fidelity Total Bond ETF has a 12-month low of $44.82 and a 12-month high of $46.86. The company has a market capitalization of $25.64 billion, a P/E ratio of 8.94 and a beta of 0.27.

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.