Ipsen Advisor Group LLC Grows Stake in Fidelity Total Bond ETF $FBND

Ipsen Advisor Group LLC increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,901 shares of the company’s stock after acquiring an additional 4,660 shares during the quarter. Fidelity Total Bond ETF comprises about 3.1% of Ipsen Advisor Group LLC’s investment portfolio, making the stock its 9th biggest position. Ipsen Advisor Group LLC’s holdings in Fidelity Total Bond ETF were worth $4,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FBND. Fifth Third Bancorp acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter worth $27,000. Brown Lisle Cummings Inc. acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $38,000. Iron Horse Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at approximately $60,000. Clarity Asset Management Inc. boosted its position 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 buying an additional 1,010 shares during the last quarter. Finally, Bogart Wealth LLC increased its position in Fidelity Total Bond ETF by 23.3% in the first quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock worth $72,000 after purchasing an additional 297 shares during the period.

Fidelity Total Bond ETF Price Performance

FBND opened at $46.38 on Friday. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.86. The company has a market cap of $22.16 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The firm has a 50 day simple moving average of $46.42 and a 200 day simple moving average of $45.79.

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.