Financial Freedom LLC Boosts Holdings in Fidelity Total Bond ETF $FBND

Financial Freedom LLC raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 166.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,963 shares of the company’s stock after buying an additional 17,461 shares during the quarter. Financial Freedom LLC’s holdings in Fidelity Total Bond ETF were worth $1,287,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Network Inc. grew its holdings in Fidelity Total Bond ETF by 20.3% in the 4th quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock valued at $5,673,000 after buying an additional 20,803 shares during the period. Sunburst Financial Group LLC grew its holdings in shares of Fidelity Total Bond ETF by 2.6% during the 4th quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock worth $51,124,000 after purchasing an additional 28,089 shares during the period. Coyle Financial Counsel LLC grew its holdings in shares of Fidelity Total Bond ETF by 21.8% during the 3rd quarter. Coyle Financial Counsel LLC now owns 735,709 shares of the company’s stock worth $34,019,000 after purchasing an additional 131,713 shares during the period. Genesis Private Wealth LLC grew its holdings in shares of Fidelity Total Bond ETF by 9.0% during the 4th quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after purchasing an additional 26,093 shares during the period. Finally, OLIO Financial Planning grew its holdings in shares of Fidelity Total Bond ETF by 5.8% during the 4th quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock worth $44,923,000 after purchasing an additional 53,318 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.65 on Wednesday. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The stock has a market capitalization of $25.58 billion, a P/E ratio of 8.94 and a beta of 0.27. The stock has a 50-day simple moving average of $45.61 and a 200-day simple moving average of $45.96.

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.