Essex LLC lifted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 890.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,871 shares of the company’s stock after buying an additional 75,403 shares during the period. Essex LLC’s holdings in Fidelity Total Bond ETF were worth $3,826,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Network Inc. raised its stake in shares of Fidelity Total Bond ETF by 20.3% in the fourth quarter. Financial Management Network Inc. now owns 123,217 shares of the company’s stock worth $5,673,000 after purchasing an additional 20,803 shares during the last quarter. Sunburst Financial Group LLC boosted its position in Fidelity Total Bond ETF by 2.6% in the fourth quarter. Sunburst Financial Group LLC now owns 1,110,436 shares of the company’s stock valued at $51,124,000 after buying an additional 28,089 shares during the last quarter. Genesis Private Wealth LLC increased its holdings in Fidelity Total Bond ETF by 9.0% in the 4th quarter. Genesis Private Wealth LLC now owns 315,452 shares of the company’s stock worth $14,523,000 after buying an additional 26,093 shares during the period. OLIO Financial Planning increased its holdings in Fidelity Total Bond ETF by 5.8% in the 4th quarter. OLIO Financial Planning now owns 975,741 shares of the company’s stock worth $44,923,000 after buying an additional 53,318 shares during the period. Finally, Capital Wealth Management LLC raised its position in Fidelity Total Bond ETF by 9.3% during the 1st quarter. Capital Wealth Management LLC now owns 625,513 shares of the company’s stock worth $28,536,000 after buying an additional 53,398 shares during the last quarter.
Fidelity Total Bond ETF Trading Down 0.2%
Shares of NYSEARCA FBND opened at $45.40 on Thursday. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86. The company has a 50 day simple moving average of $45.55 and a two-hundred day simple moving average of $45.91. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.
About Fidelity Total Bond ETF
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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