UBS Group AG Purchases 216,582 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

UBS Group AG lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBNDFree Report) by 9.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,421,460 shares of the company’s stock after acquiring an additional 216,582 shares during the period. UBS Group AG’s holdings in Fidelity Total Bond ETF were worth $105,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FBND. Bank of Montreal Can lifted its stake in shares of Fidelity Total Bond ETF by 35.7% in the first quarter. Bank of Montreal Can now owns 5,289 shares of the company’s stock worth $263,000 after buying an additional 1,390 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Fidelity Total Bond ETF by 13.7% in the first quarter. Cetera Investment Advisers now owns 8,750 shares of the company’s stock worth $435,000 after buying an additional 1,051 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Fidelity Total Bond ETF by 16.4% in the first quarter. NewEdge Advisors LLC now owns 25,693 shares of the company’s stock worth $1,279,000 after buying an additional 3,619 shares in the last quarter. Laurel Wealth Advisors Inc. lifted its stake in shares of Fidelity Total Bond ETF by 24.0% in the first quarter. Laurel Wealth Advisors Inc. now owns 29,885 shares of the company’s stock worth $1,487,000 after buying an additional 5,788 shares in the last quarter. Finally, Founders Financial Securities LLC purchased a new position in shares of Fidelity Total Bond ETF during the first quarter valued at approximately $9,283,000.

Fidelity Total Bond ETF Stock Down 0.0 %

FBND opened at $45.30 on Monday. The firm has a 50 day moving average price of $45.60 and a 200-day moving average price of $44.57. Fidelity Total Bond ETF has a twelve month low of $42.45 and a twelve month high of $46.53. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 12.64 and a beta of 0.17.

Fidelity Total Bond ETF Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBNDFree Report).

Institutional Ownership by Quarter for Fidelity Total Bond ETF (NYSEARCA:FBND)

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