Fidelity Total Bond ETF $FBND Stake Increased by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 32.3% in the second quarter, Holdings Channel reports. The institutional investor owned 260,891 shares of the company’s stock after acquiring an additional 63,765 shares during the quarter. Fidelity Total Bond ETF accounts for about 1.8% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 14th largest position. Schneider Downs Wealth Management Advisors LP’s holdings in Fidelity Total Bond ETF were worth $11,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FBND. Fifth Third Bancorp bought a new stake in shares of Fidelity Total Bond ETF in the second quarter worth $27,000. Tsfg LLC bought a new stake in Fidelity Total Bond ETF during the first quarter valued at $29,000. Brown Lisle Cummings Inc. bought a new stake in Fidelity Total Bond ETF during the second quarter valued at $38,000. Iron Horse Wealth Management LLC bought a new stake in Fidelity Total Bond ETF during the first quarter valued at $60,000. Finally, Clarity Asset Management Inc. increased its stake in Fidelity Total Bond ETF by 285.3% during the first quarter. Clarity Asset Management Inc. now owns 1,364 shares of the company’s stock valued at $62,000 after purchasing an additional 1,010 shares during the last quarter.

Fidelity Total Bond ETF Price Performance

FBND stock opened at $46.76 on Friday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.85. The firm has a fifty day moving average price of $46.32 and a two-hundred day moving average price of $45.70. The firm has a market cap of $21.87 billion, a price-to-earnings 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.