MFG Investments LLC acquired a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,805 shares of the company’s stock, valued at approximately $1,853,000. Fidelity Total Bond ETF makes up about 2.1% of MFG Investments LLC’s investment portfolio, making the stock its 14th biggest position.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF in the second quarter worth approximately $32,000. Maryland Capital Advisors Inc. purchased a new stake in Fidelity Total Bond ETF in the second quarter valued at approximately $37,000. Manning & Napier Advisors LLC bought a new stake in Fidelity Total Bond ETF during the first quarter valued at approximately $53,000. Sound Income Strategies LLC lifted its position in Fidelity Total Bond ETF by 180.6% during the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock valued at $60,000 after purchasing an additional 847 shares during the last quarter. Finally, Mosley Wealth Management bought a new stake in Fidelity Total Bond ETF during the third quarter valued at approximately $64,000.
Fidelity Total Bond ETF Price Performance
FBND stock opened at $44.08 on Wednesday. Fidelity Total Bond ETF has a one year low of $43.11 and a one year high of $46.78. The stock has a market cap of $28.42 billion, a PE ratio of 8.94 and a beta of 0.28. The firm has a 50 day simple moving average of $44.05 and a two-hundred day simple moving average of $45.25.
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.
Further Reading
- Five stocks we like better than Fidelity Total Bond ETF
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
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).
Receive News & Ratings for Fidelity Total Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity Total Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
