BOS Asset Management LLC Increases Stock Position in Fidelity Total Bond ETF $FBND

BOS Asset Management LLC lifted its holdings in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 10.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 188,642 shares of the company’s stock after acquiring an additional 18,364 shares during the period. Fidelity Total Bond ETF makes up about 1.9% of BOS Asset Management LLC’s investment portfolio, making the stock its 13th biggest position. BOS Asset Management LLC’s holdings in Fidelity Total Bond ETF were worth $8,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. bought a new stake in shares of Fidelity Total Bond ETF in the 1st quarter valued at approximately $25,000. Community Financial Services Group LLC bought a new position in shares of Fidelity Total Bond ETF during the 2nd quarter worth approximately $32,000. Maryland Capital Advisors Inc. acquired a new stake in Fidelity Total Bond ETF in the 2nd quarter valued at $37,000. Manning & Napier Advisors LLC bought a new stake in Fidelity Total Bond ETF in the first quarter valued at $53,000. Finally, Sound Income Strategies LLC raised its stake in Fidelity Total Bond ETF by 180.6% during the first quarter. Sound Income Strategies LLC now owns 1,316 shares of the company’s stock worth $60,000 after acquiring an additional 847 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA:FBND traded down $0.01 on Friday, hitting $43.45. The stock had a trading volume of 2,130,809 shares, compared to its average volume of 3,133,350. The firm’s 50 day moving average price is $44.43 and its 200-day moving average price is $45.13. 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 capitalization of $28.01 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28.

About Fidelity Total Bond ETF

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.