Summit Wealth Group LLC Co. boosted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 1,023.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 269,482 shares of the company’s stock after purchasing an additional 245,503 shares during the quarter. Fidelity Total Bond ETF makes up approximately 0.7% of Summit Wealth Group LLC Co.’s holdings, making the stock its 22nd largest holding. Summit Wealth Group LLC Co.’s holdings in Fidelity Total Bond ETF were worth $11,669,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of FBND. Bank of America Corp DE boosted its stake in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock valued at $670,926,000 after buying an additional 871,672 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock worth $366,632,000 after buying an additional 587,351 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Fidelity Total Bond ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after buying an additional 930,834 shares during the last quarter. Sax Wealth Advisors LLC increased its stake in shares of Fidelity Total Bond ETF by 49.8% in the third quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after buying an additional 2,236,473 shares during the last quarter. Finally, Legacy Wealth Management LLC raised its holdings in Fidelity Total Bond ETF by 57.0% in the second quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock valued at $249,987,000 after acquiring an additional 1,995,732 shares in the last quarter.
Fidelity Total Bond ETF Price Performance
FBND opened at $44.16 on Tuesday. Fidelity Total Bond ETF has a 12-month low of $43.11 and a 12-month high of $46.78. The stock has a market capitalization of $28.47 billion, a PE ratio of 8.94 and a beta of 0.28. The firm’s fifty day moving average price is $44.07 and its 200 day moving average price is $45.26.
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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