Grimes & Company Inc. Purchases 7,020 Shares of Fidelity Total Bond ETF $FBND

Grimes & Company Inc. grew its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 151.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,646 shares of the company’s stock after buying an additional 7,020 shares during the period. Grimes & Company Inc.’s holdings in Fidelity Total Bond ETF were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FBND. PFG Investments LLC lifted its position in Fidelity Total Bond ETF by 3.2% in the 1st quarter. PFG Investments LLC now owns 9,182 shares of the company’s stock valued at $419,000 after acquiring an additional 282 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of 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 last quarter. Sound Income Strategies LLC lifted its holdings in shares of Fidelity Total Bond ETF by 63.1% during the first quarter. Sound Income Strategies LLC now owns 791 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares in the last quarter. Kraft Davis & Associates LLC lifted its holdings in shares of Fidelity Total Bond ETF by 2.8% during the first quarter. Kraft Davis & Associates LLC now owns 12,509 shares of the company’s stock valued at $562,000 after purchasing an additional 338 shares in the last quarter. Finally, Legacy Solutions LLC boosted its position in shares of Fidelity Total Bond ETF by 0.8% during the second quarter. Legacy Solutions LLC now owns 49,122 shares of the company’s stock valued at $2,247,000 after buying an additional 382 shares during the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND opened at $46.22 on Tuesday. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 8.94 and a beta of 0.17. The business has a 50-day simple moving average of $46.10 and a two-hundred day simple moving average of $45.60. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.75.

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.