Fidelity Total Bond ETF (NYSEARCA:FBND) Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 423,681 shares of the company’s stock after buying an additional 5,273 shares during the quarter. Brookstone Capital Management’s holdings in Fidelity Total Bond ETF were worth $18,981,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FBND. Avantax Advisory Services Inc. increased its stake in Fidelity Total Bond ETF by 94.1% in the first quarter. Avantax Advisory Services Inc. now owns 30,143 shares of the company’s stock valued at $1,387,000 after purchasing an additional 14,616 shares during the last quarter. HighTower Advisors LLC raised its stake in Fidelity Total Bond ETF by 59.4% during the 1st quarter. HighTower Advisors LLC now owns 363,974 shares of the company’s stock worth $16,738,000 after acquiring an additional 135,587 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Fidelity Total Bond ETF by 37.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 175,411 shares of the company’s stock valued at $8,069,000 after acquiring an additional 48,145 shares during the last quarter. Landmark Wealth Management LLC boosted its stake in Fidelity Total Bond ETF by 19.0% in the first quarter. Landmark Wealth Management LLC now owns 98,215 shares of the company’s stock valued at $4,518,000 after acquiring an additional 15,655 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Fidelity Total Bond ETF during the fourth quarter worth about $397,000.

Fidelity Total Bond ETF Price Performance

Shares of FBND traded down $0.08 during midday trading on Friday, reaching $44.38. 630,206 shares of the stock were exchanged, compared to its average volume of 682,650. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 12.64 and a beta of 0.17. Fidelity Total Bond ETF has a twelve month low of $43.25 and a twelve month high of $46.96. The business’s 50-day moving average price is $44.85 and its 200 day moving average price is $45.38.

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.