Financial Management Network Inc. lifted its position in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 28.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 158,120 shares of the company’s stock after buying an additional 34,903 shares during the period. Fidelity Total Bond ETF accounts for 1.1% of Financial Management Network Inc.’s portfolio, making the stock its 23rd biggest position. Financial Management Network Inc.’s holdings in Fidelity Total Bond ETF were worth $7,253,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in FBND. Root Financial Partners LLC purchased a new position in Fidelity Total Bond ETF during the 4th quarter valued at about $25,000. Rialto Wealth Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Clearstead Advisors LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $36,000. Tucker Asset Management LLC bought a new position in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $37,000. Finally, Fifth Third Bancorp boosted its stake in shares of Fidelity Total Bond ETF by 78.0% during the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock valued at $49,000 after purchasing an additional 468 shares in the last quarter.
Fidelity Total Bond ETF Stock Down 0.3%
Shares of NYSEARCA:FBND opened at $45.49 on Tuesday. The company has a market capitalization of $25.49 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 $44.82 and a 52 week high of $46.86. The firm has a 50 day moving average of $45.59 and a 200 day moving average of $45.94.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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