Founders Financial Alliance LLC Acquires New Stake in Fidelity Total Bond ETF $FBND

Founders Financial Alliance LLC purchased a new position in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,620 shares of the company’s stock, valued at approximately $995,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Network Inc. increased its position in Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after buying an additional 20,803 shares in the last quarter. Sunburst Financial Group LLC increased its position in Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after buying an additional 28,089 shares in the last quarter. Drake & Associates LLC increased its position in Fidelity Total Bond ETF by 14.3% in the third quarter. Drake & Associates LLC now owns 837,627 shares of the company’s stock worth $38,698,000 after buying an additional 104,664 shares in the last quarter. Salus Financial Advisors LLC increased its position in Fidelity Total Bond ETF by 6.8% in the third quarter. Salus Financial Advisors LLC now owns 299,428 shares of the company’s stock worth $13,846,000 after buying an additional 19,085 shares in the last quarter. Finally, Coyle Financial Counsel LLC increased its position in Fidelity Total Bond ETF by 21.8% in the third quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock worth $34,019,000 after buying an additional 131,713 shares in the last quarter.

Fidelity Total Bond ETF Stock Up 0.6%

Shares of FBND opened at $45.59 on Friday. The business has a 50-day simple moving average of $45.62 and a two-hundred day simple moving average of $45.98. The stock has a market cap of $25.54 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52 week low of $44.82 and a 52 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.