134,274 Fidelity Total Bond ETF $FBND Shares Bought by Triangle Securities Wealth Management

Triangle Securities Wealth Management boosted its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 118.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 247,442 shares of the company’s stock after purchasing an additional 134,274 shares during the period. Fidelity Total Bond ETF comprises approximately 2.0% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 10th biggest holding. Triangle Securities Wealth Management’s holdings in Fidelity Total Bond ETF were worth $10,714,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Summit Financial Strategies Inc. grew its position in shares of Fidelity Total Bond ETF by 6.8% during the 3rd quarter. Summit Financial Strategies Inc. now owns 2,546,072 shares of the company’s stock valued at $110,245,000 after acquiring an additional 161,872 shares during the period. Harbor Group Inc. increased its stake in shares of Fidelity Total Bond ETF by 3.8% during the 3rd quarter. Harbor Group Inc. now owns 1,159,007 shares of the company’s stock worth $50,185,000 after purchasing an additional 42,926 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc increased its stake in shares of Fidelity Total Bond ETF by 2.7% during the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 969,603 shares of the company’s stock worth $41,989,000 after purchasing an additional 25,690 shares during the last quarter. Essex LLC raised its stake in shares of Fidelity Total Bond ETF by 886.5% in the third quarter. Essex LLC now owns 238,204 shares of the company’s stock valued at $10,314,000 after buying an additional 214,057 shares during the period. Finally, ABLE Financial Group LLC raised its stake in Fidelity Total Bond ETF by 9.0% in the 3rd quarter. ABLE Financial Group LLC now owns 862,676 shares of the company’s stock valued at $37,354,000 after acquiring an additional 71,000 shares during the period.

Fidelity Total Bond ETF Price Performance

NYSEARCA:FBND opened at $43.54 on Thursday. Fidelity Total Bond ETF has a 1 year low of $43.11 and a 1 year high of $46.86. The stock’s fifty day moving average price is $44.32 and its two-hundred day moving average price is $45.07. The company has a market cap of $28.07 billion, a P/E ratio of 8.94 and a beta of 0.28.

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.