Canvas Wealth Advisors LLC Grows Stock Position in Fidelity Total Bond ETF $FBND

Canvas Wealth Advisors LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 81.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 51,395 shares of the company’s stock after purchasing an additional 23,067 shares during the quarter. Canvas Wealth Advisors LLC’s holdings in Fidelity Total Bond ETF were worth $2,342,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Pacific Financial purchased a new stake in shares of Fidelity Total Bond ETF in the 1st quarter worth about $25,000. Fifth Third Bancorp acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $27,000. Tsfg LLC acquired a new position in Fidelity Total Bond ETF in the 1st quarter valued at about $29,000. Brown Lisle Cummings Inc. acquired a new position in Fidelity Total Bond ETF in the 2nd quarter valued at about $38,000. Finally, Iron Horse Wealth Management LLC acquired a new position in Fidelity Total Bond ETF in the 1st quarter valued at about $60,000.

Fidelity Total Bond ETF Trading Down 0.2%

Shares of FBND stock opened at $46.67 on Monday. The firm has a 50-day moving average price of $46.22 and a 200 day moving average price of $45.65. Fidelity Total Bond ETF has a twelve month low of $44.30 and a twelve month high of $46.82. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17.

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.