Envestnet Portfolio Solutions Inc. Buys 3,573 Shares of Fidelity Total Bond ETF $FBND

Envestnet Portfolio Solutions Inc. boosted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 211,838 shares of the company’s stock after purchasing an additional 3,573 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Fidelity Total Bond ETF were worth $9,692,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Tritonpoint Wealth LLC raised its position in Fidelity Total Bond ETF by 2.2% in the second quarter. Tritonpoint Wealth LLC now owns 56,926 shares of the company’s stock worth $2,614,000 after acquiring an additional 1,239 shares during the period. Diversified Trust Co bought a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at approximately $427,000. Beacon Capital Management LLC raised its position in shares of Fidelity Total Bond ETF by 84.6% in the second quarter. Beacon Capital Management LLC now owns 4,549 shares of the company’s stock valued at $208,000 after purchasing an additional 2,085 shares during the period. Cerity Partners LLC raised its position in shares of Fidelity Total Bond ETF by 27.5% in the first quarter. Cerity Partners LLC now owns 8,008 shares of the company’s stock valued at $366,000 after purchasing an additional 1,729 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Fidelity Total Bond ETF by 1.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 150,385 shares of the company’s stock valued at $6,862,000 after purchasing an additional 2,642 shares during the period.

Fidelity Total Bond ETF Stock Up 0.2%

NYSEARCA FBND opened at $46.49 on Tuesday. The company’s 50 day moving average is $46.16 and its 200-day moving average is $45.63. Fidelity Total Bond ETF has a 12-month low of $44.30 and a 12-month high of $46.82. The firm has a market cap of $21.54 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.