Fidelity Total Bond ETF $FBND Holdings Lifted by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group raised its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 5.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,363,514 shares of the company’s stock after acquiring an additional 67,500 shares during the period. Fidelity Total Bond ETF makes up about 2.6% of Rehmann Capital Advisory Group’s holdings, making the stock its 6th largest holding. Rehmann Capital Advisory Group’s holdings in Fidelity Total Bond ETF were worth $62,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in shares of Fidelity Total Bond ETF during the fourth quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new position in shares of Fidelity Total Bond ETF during the first quarter worth $25,000. Community Financial Services Group LLC purchased a new position in Fidelity Total Bond ETF during the second quarter valued at $32,000. Tucker Asset Management LLC purchased a new position in Fidelity Total Bond ETF during the fourth quarter valued at $37,000. Finally, Maryland Capital Advisors Inc. purchased a new position in Fidelity Total Bond ETF during the second quarter valued at $37,000.

Fidelity Total Bond ETF Stock Performance

Shares of NYSEARCA FBND opened at $44.75 on Tuesday. The company has a market cap of $27.11 billion, a P/E ratio of 8.94 and a beta of 0.27. Fidelity Total Bond ETF has a 52-week low of $44.65 and a 52-week high of $46.86. The firm’s fifty day moving average is $45.14 and its two-hundred day moving average is $45.57.

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.