Keenan LLC purchased a new position in shares of Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 101,859 shares of the company’s stock, valued at approximately $4,690,000. Fidelity Total Bond ETF accounts for approximately 4.1% of Keenan LLC’s investment portfolio, making the stock its 10th biggest position.
Other hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in Fidelity Total Bond ETF in the 4th quarter valued at $25,000. Rialto Wealth Management LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $32,000. Clearstead Advisors LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 3rd quarter worth $36,000. Tucker Asset Management LLC purchased a new stake in shares of Fidelity Total Bond ETF in the fourth quarter valued at about $37,000. Finally, Fifth Third Bancorp boosted its holdings 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 valued at $49,000 after acquiring an additional 468 shares in the last quarter.
Fidelity Total Bond ETF Price Performance
Shares of Fidelity Total Bond ETF stock opened at $45.61 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.82 and a 52-week high of $46.86. The company’s 50-day simple moving average is $45.60 and its 200-day simple moving average is $45.95. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 8.94 and a beta of 0.27.
Fidelity Total Bond ETF Company 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.
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