Maple Capital Management Inc. Has $4.38 Million Stake in Fidelity Total Bond ETF $FBND

Maple Capital Management Inc. grew its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,884 shares of the company’s stock after acquiring an additional 7,422 shares during the quarter. Maple Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $4,377,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Modern Wealth Management LLC raised its stake in Fidelity Total Bond ETF by 42.2% during the first quarter. Modern Wealth Management LLC now owns 1,303,175 shares of the company’s stock worth $59,490,000 after acquiring an additional 387,058 shares in the last quarter. Intrua Financial LLC bought a new position in Fidelity Total Bond ETF in the first quarter valued at about $511,000. BOS Asset Management LLC boosted its stake in shares of Fidelity Total Bond ETF by 14.7% during the first quarter. BOS Asset Management LLC now owns 130,012 shares of the company’s stock valued at $5,935,000 after purchasing an additional 16,688 shares in the last quarter. McAdam LLC boosted its stake in shares of Fidelity Total Bond ETF by 93.3% during the first quarter. McAdam LLC now owns 22,610 shares of the company’s stock valued at $1,032,000 after purchasing an additional 10,911 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Geneos Wealth Management Inc. now owns 3,610 shares of the company’s stock valued at $165,000 after purchasing an additional 1,397 shares in the last quarter.

Fidelity Total Bond ETF Trading Up 0.3%

Shares of FBND stock opened at $46.61 on Friday. The business’s 50-day moving average price is $45.79 and its 200-day moving average price is $45.52. Fidelity Total Bond ETF has a 12 month low of $44.30 and a 12 month high of $47.30. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

Fidelity Total Bond ETF 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.