Fidelity Total Bond ETF $FBND Shares Acquired by Linscomb Wealth Inc.

Linscomb Wealth Inc. increased its stake in Fidelity Total Bond ETF (NYSEARCA:FBND) by 13.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 336,527 shares of the company’s stock after acquiring an additional 39,709 shares during the quarter. Fidelity Total Bond ETF makes up 0.7% of Linscomb Wealth Inc.’s holdings, making the stock its 27th largest holding. Linscomb Wealth Inc.’s holdings in Fidelity Total Bond ETF were worth $15,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the third quarter worth $36,000. Tucker Asset Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $37,000. Key Capital Management INC acquired a new stake in shares of Fidelity Total Bond ETF in the fourth quarter worth $49,000. Finally, Fifth Third Bancorp boosted its position in shares of Fidelity Total Bond ETF by 78.0% in the third quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares during the period.

Fidelity Total Bond ETF Stock Down 0.2%

Shares of Fidelity Total Bond ETF stock opened at $45.47 on Friday. The stock has a market cap of $25.48 billion, a PE ratio of 8.94 and a beta of 0.28. The business has a fifty day simple moving average of $45.66 and a 200-day simple moving average of $46.05. Fidelity Total Bond ETF has a 12 month low of $44.82 and a 12 month high of $46.86.

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.