Fidelity Total Bond ETF $FBND Stock Bought by Steph & Co.

Steph & Co. raised its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 27.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 316,767 shares of the company’s stock after buying an additional 67,854 shares during the quarter. Fidelity Total Bond ETF accounts for approximately 3.4% of Steph & Co.’s investment portfolio, making the stock its 4th biggest holding. Steph & Co.’s holdings in Fidelity Total Bond ETF were worth $13,716,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Bank of America Corp DE raised its position in shares of Fidelity Total Bond ETF by 6.3% during the 1st quarter. Bank of America Corp DE now owns 14,706,838 shares of the company’s stock worth $670,926,000 after acquiring an additional 871,672 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Fidelity Total Bond ETF by 25.8% in the fourth quarter. JPMorgan Chase & Co. now owns 11,574,323 shares of the company’s stock valued at $532,882,000 after purchasing an additional 2,374,913 shares in the last quarter. LPL Financial LLC boosted its holdings in Fidelity Total Bond ETF by 25.2% in the fourth quarter. LPL Financial LLC now owns 9,387,074 shares of the company’s stock valued at $432,181,000 after purchasing an additional 1,887,404 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Fidelity Total Bond ETF by 7.9% in the second quarter. Envestnet Asset Management Inc. now owns 8,059,617 shares of the company’s stock valued at $366,632,000 after purchasing an additional 587,351 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Fidelity Total Bond ETF by 15.9% during the first quarter. Cetera Investment Advisers now owns 6,801,133 shares of the company’s stock worth $310,268,000 after purchasing an additional 930,834 shares in the last quarter.

Fidelity Total Bond ETF Price Performance

Shares of Fidelity Total Bond ETF stock traded down $0.03 during trading hours on Wednesday, hitting $43.32. The company had a trading volume of 9,395,235 shares, compared to its average volume of 3,126,175. The company’s 50-day moving average is $44.46 and its two-hundred day moving average is $45.15. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86. The company has a market cap of $27.93 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.