Financial Management Network Inc. Acquires 34,903 Shares of Fidelity Total Bond ETF $FBND

Financial Management Network Inc. grew its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 28.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,120 shares of the company’s stock after purchasing an additional 34,903 shares during the period. Fidelity Total Bond ETF comprises approximately 1.1% of Financial Management Network Inc.’s holdings, making the stock its 23rd largest holding. Financial Management Network Inc.’s holdings in Fidelity Total Bond ETF were worth $7,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brookstone Capital Management increased its stake in Fidelity Total Bond ETF by 3.7% in the 1st quarter. Brookstone Capital Management now owns 836,222 shares of the company’s stock worth $38,148,000 after buying an additional 29,514 shares during the period. Triad Wealth Partners LLC boosted its position in Fidelity Total Bond ETF by 20.7% in the 1st quarter. Triad Wealth Partners LLC now owns 1,164,361 shares of the company’s stock valued at $53,118,000 after buying an additional 199,845 shares during the period. Quotient Wealth Partners LLC boosted its position in Fidelity Total Bond ETF by 32.9% in the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock valued at $296,589,000 after buying an additional 1,609,056 shares during the period. Founders Financial Securities LLC grew its stake in Fidelity Total Bond ETF by 10.4% in the 1st quarter. Founders Financial Securities LLC now owns 644,365 shares of the company’s stock worth $29,557,000 after acquiring an additional 60,511 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in Fidelity Total Bond ETF by 37.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 187,357 shares of the company’s stock worth $8,547,000 after acquiring an additional 50,885 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $45.49 on Tuesday. The firm’s 50 day simple moving average is $45.59 and its 200-day simple moving average is $45.94. Fidelity Total Bond ETF has a one year low of $44.82 and a one year high of $46.86. The firm has a market cap of $25.49 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.