Eagle Rock Investment Company LLC Buys 2,001 Shares of Fidelity Total Bond ETF (NYSEARCA:FBND)

Eagle Rock Investment Company LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.1% in the first quarter, Holdings Channel.com reports. The fund owned 50,906 shares of the company’s stock after purchasing an additional 2,001 shares during the period. Eagle Rock Investment Company LLC’s holdings in Fidelity Total Bond ETF were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $25,000. NBC Securities Inc. bought a new position in shares of Fidelity Total Bond ETF in the first quarter worth $28,000. Lindbrook Capital LLC bought a new position in shares of Fidelity Total Bond ETF in the fourth quarter worth $32,000. Tucker Asset Management LLC bought a new stake in Fidelity Total Bond ETF during the fourth quarter valued at $36,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Fidelity Total Bond ETF during the fourth quarter valued at $59,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA:FBND opened at $45.01 on Friday. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $47.30. The stock has a fifty day moving average of $45.18 and a 200 day moving average of $45.29.

About Fidelity Total Bond ETF

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.