Maple Capital Management Inc. Raises Stock Position in Fidelity Total Bond ETF $FBND

Maple Capital Management Inc. increased its position in Fidelity Total Bond ETF (NYSEARCA:FBND) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,294 shares of the company’s stock after purchasing an additional 1,410 shares during the quarter. Maple Capital Management Inc.’s holdings in Fidelity Total Bond ETF were worth $4,451,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp bought a new stake in shares of Fidelity Total Bond ETF in the second quarter valued at about $27,000. Brown Lisle Cummings Inc. purchased a new position in Fidelity Total Bond ETF during the 2nd quarter valued at about $38,000. Clarity Asset Management Inc. increased its position in Fidelity Total Bond ETF by 285.3% during the 1st 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 period. Bogart Wealth LLC raised its holdings in shares of Fidelity Total Bond ETF by 23.3% in the 1st quarter. Bogart Wealth LLC now owns 1,574 shares of the company’s stock valued at $72,000 after purchasing an additional 297 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter worth approximately $86,000.

Fidelity Total Bond ETF Stock Performance

NYSEARCA FBND opened at $46.47 on Wednesday. Fidelity Total Bond ETF has a 52-week low of $44.30 and a 52-week high of $46.86. The firm’s 50 day moving average price is $46.45 and its 200-day moving average price is $45.83. The company has a market cap of $22.20 billion, a PE ratio of 8.94 and a beta of 0.28.

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.