Sunbelt Securities Inc. Raises Stock Holdings in Fidelity Total Bond ETF (NYSEARCA:FBND)

Sunbelt Securities Inc. raised its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND – Get Rating) by 72.8% during the 3rd quarter, Holdings Channel reports. The firm owned 20,915 shares of the company’s stock after buying an additional 8,808 shares during the quarter. Sunbelt Securities Inc.’s holdings in Fidelity Total Bond ETF were worth $929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FBND. Main Street Financial Solutions LLC acquired a new position in shares of Fidelity Total Bond ETF during the 3rd quarter worth about $14,384,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Fidelity Total Bond ETF by 1,510.4% during the third quarter. Mercer Global Advisors Inc. ADV now owns 279,008 shares of the company’s stock valued at $12,396,000 after acquiring an additional 261,683 shares during the last quarter. Founders Financial Securities LLC acquired a new position in shares of Fidelity Total Bond ETF during the first quarter valued at approximately $9,283,000. James J. Burns & Company LLC purchased a new position in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $6,124,000. Finally, Baker Boyer National Bank boosted its stake in shares of Fidelity Total Bond ETF by 101.6% in the third quarter. Baker Boyer National Bank now owns 265,658 shares of the company’s stock worth $11,803,000 after acquiring an additional 133,904 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND opened at $45.91 on Friday. The stock has a 50 day moving average price of $45.86 and a 200 day moving average price of $45.37. Fidelity Total Bond ETF has a one year low of $43.25 and a one year high of $50.25. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 12.64 and a beta of 0.15.

Fidelity Total Bond ETF Company Profile

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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.