Fidelity Total Bond ETF $FBND is Occidental Asset Management LLC’s 9th Largest Position

Occidental Asset Management LLC grew its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 381,824 shares of the company’s stock after buying an additional 15,747 shares during the quarter. Fidelity Total Bond ETF accounts for 2.2% of Occidental Asset Management LLC’s investment portfolio, making the stock its 9th biggest position. Occidental Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $17,656,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Fidelity Total Bond ETF during the second quarter worth about $27,000. Caldwell Trust Co bought a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $34,000. Brown Lisle Cummings Inc. bought a new stake in Fidelity Total Bond ETF in the 2nd quarter worth approximately $38,000. Maryland Capital Advisors Inc. boosted its stake in Fidelity Total Bond ETF by 378.5% in the third quarter. Maryland Capital Advisors Inc. now owns 823 shares of the company’s stock worth $38,000 after buying an additional 651 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in Fidelity Total Bond ETF in the second quarter worth approximately $49,000.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.11 on Friday. The company has a market capitalization of $23.81 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.30 and a one year high of $46.86. The company’s 50 day moving average price is $46.28 and its two-hundred day moving average price is $46.16.

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.