Cullen Frost Bankers Inc. Has $1.14 Million Position in Fidelity Total Bond ETF $FBND

Cullen Frost Bankers Inc. boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 107.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,914 shares of the company’s stock after buying an additional 12,930 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Fidelity Total Bond ETF were worth $1,140,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pittenger & Anderson Inc. raised its stake in Fidelity Total Bond ETF by 11.6% during the 2nd quarter. Pittenger & Anderson Inc. now owns 46,230 shares of the company’s stock worth $2,115,000 after buying an additional 4,795 shares during the period. Canvas Wealth Advisors LLC raised its stake in Fidelity Total Bond ETF by 81.4% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 51,395 shares of the company’s stock worth $2,342,000 after buying an additional 23,067 shares during the period. Salus Financial Advisors LLC raised its stake in Fidelity Total Bond ETF by 2.7% during the 2nd quarter. Salus Financial Advisors LLC now owns 280,343 shares of the company’s stock worth $12,826,000 after buying an additional 7,337 shares during the period. Madison Wealth Partners Inc raised its stake in Fidelity Total Bond ETF by 8.9% during the 2nd quarter. Madison Wealth Partners Inc now owns 133,676 shares of the company’s stock worth $6,116,000 after buying an additional 10,945 shares during the period. Finally, Wingate Wealth Advisors Inc. raised its stake in Fidelity Total Bond ETF by 67.0% during the 2nd quarter. Wingate Wealth Advisors Inc. now owns 48,408 shares of the company’s stock worth $2,215,000 after buying an additional 19,423 shares during the period.

Fidelity Total Bond ETF Stock Performance

FBND stock opened at $46.71 on Friday. The stock’s 50 day simple moving average is $46.30 and its 200 day simple moving average is $45.69. Fidelity Total Bond ETF has a fifty-two week low of $44.30 and a fifty-two week high of $46.85. The company has a market cap of $21.82 billion, a P/E ratio of 8.94 and a beta of 0.17.

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.