Crosspoint Financial LLC lifted its position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 276.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,066 shares of the company’s stock after buying an additional 55,136 shares during the quarter. Fidelity Total Bond ETF makes up about 6.4% of Crosspoint Financial LLC’s holdings, making the stock its 3rd largest position. Crosspoint Financial LLC’s holdings in Fidelity Total Bond ETF were worth $3,250,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Community Financial Services Group LLC acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at about $32,000. Maryland Capital Advisors Inc. acquired a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $37,000. Manning & Napier Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the first quarter valued at approximately $53,000. Mosley Wealth Management acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter valued at approximately $64,000. Finally, Archer Investment Corp increased its stake in shares of Fidelity Total Bond ETF by 17.2% during the 1st quarter. Archer Investment Corp now owns 2,216 shares of the company’s stock worth $101,000 after purchasing an additional 325 shares in the last quarter.
Fidelity Total Bond ETF Price Performance
Shares of FBND opened at $44.33 on Monday. The firm has a 50 day simple moving average of $44.01 and a 200-day simple moving average of $45.23. Fidelity Total Bond ETF has a 1-year low of $43.11 and a 1-year high of $46.78. The stock has a market cap of $28.58 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.
Fidelity Total Bond ETF Company 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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