Essex LLC Raises Stock Position in Fidelity Total Bond ETF $FBND

Essex LLC increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 890.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 83,871 shares of the company’s stock after acquiring an additional 75,403 shares during the quarter. Essex LLC’s holdings in Fidelity Total Bond ETF were worth $3,826,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FBND. Cerity Partners LLC increased its position in shares of Fidelity Total Bond ETF by 400.5% during the second quarter. Cerity Partners LLC now owns 40,079 shares of the company’s stock worth $1,834,000 after purchasing an additional 32,071 shares in the last quarter. Betterment LLC boosted its position in shares of Fidelity Total Bond ETF by 2.7% in the 2nd quarter. Betterment LLC now owns 97,501 shares of the company’s stock worth $4,461,000 after purchasing an additional 2,597 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Fidelity Total Bond ETF during the 2nd quarter worth $49,000. Graney & King LLC grew its stake in Fidelity Total Bond ETF by 7.3% during the 2nd quarter. Graney & King LLC now owns 50,169 shares of the company’s stock worth $2,295,000 after buying an additional 3,402 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Fidelity Total Bond ETF by 40.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,626 shares of the company’s stock valued at $303,000 after buying an additional 1,924 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of NYSEARCA:FBND opened at $45.40 on Thursday. The business’s 50-day moving average is $45.55 and its 200 day moving average is $45.91. Fidelity Total Bond ETF has a 1 year low of $44.82 and a 1 year high of $46.86. The firm has a market capitalization of $26.52 billion, a P/E 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.