Country Trust Bank Grows Holdings in Fidelity Total Bond ETF $FBND

Country Trust Bank boosted its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 3.3% in the second quarter, Holdings Channel reports. The institutional investor owned 6,186,144 shares of the company’s stock after buying an additional 194,869 shares during the period. Fidelity Total Bond ETF accounts for approximately 6.3% of Country Trust Bank’s holdings, making the stock its largest position. Country Trust Bank’s holdings in Fidelity Total Bond ETF were worth $283,016,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in shares of Fidelity Total Bond ETF during the second quarter worth $27,000. Brown Lisle Cummings Inc. bought a new position in Fidelity Total Bond ETF during the 2nd quarter worth $38,000. Clarity Asset Management Inc. lifted its holdings 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 worth $62,000 after buying an additional 1,010 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Fidelity Total Bond ETF in the 2nd quarter valued at about $86,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at about $92,000.

Fidelity Total Bond ETF Trading Up 0.2%

Shares of FBND stock opened at $46.63 on Wednesday. Fidelity Total Bond ETF has a 1-year low of $44.30 and a 1-year high of $46.86. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. The stock has a 50-day moving average of $46.45 and a 200-day moving average of $45.90.

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.