D.A. Davidson & CO. Grows Stock Position in Fidelity Total Bond ETF $FBND

D.A. Davidson & CO. increased its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 442.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,798 shares of the company’s stock after buying an additional 74,877 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity Total Bond ETF were worth $4,200,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $27,000. Tsfg LLC acquired a new stake in Fidelity Total Bond ETF in the 1st quarter valued at approximately $29,000. Brown Lisle Cummings Inc. acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at approximately $38,000. Iron Horse Wealth Management LLC acquired a new stake in Fidelity Total Bond ETF in the 1st quarter valued at approximately $60,000. Finally, Clarity Asset Management Inc. increased its holdings in Fidelity Total Bond ETF by 285.3% in the 1st quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after purchasing an additional 1,010 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Fidelity Total Bond ETF stock opened at $46.76 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.85. The firm has a 50 day moving average price of $46.32 and a 200 day moving average price of $45.70. The company has a market capitalization of $21.87 billion, a PE 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.