Bridgewealth Advisory Group LLC lifted its stake in Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report) by 24.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 519,059 shares of the company’s stock after buying an additional 100,692 shares during the quarter. Fidelity Total Bond ETF makes up about 5.3% of Bridgewealth Advisory Group LLC’s holdings, making the stock its 5th biggest holding. Bridgewealth Advisory Group LLC’s holdings in Fidelity Total Bond ETF were worth $23,897,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of FBND. Rialto Wealth Management LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $32,000. Clearstead Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $36,000. First Command Advisory Services Inc. acquired a new position in shares of Fidelity Total Bond ETF in the 3rd quarter worth approximately $47,000. Fifth Third Bancorp raised its holdings in shares of Fidelity Total Bond ETF by 78.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,068 shares of the company’s stock worth $49,000 after buying an additional 468 shares in the last quarter. Finally, Key Capital Management INC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter worth approximately $49,000.
Fidelity Total Bond ETF Price Performance
NYSEARCA FBND opened at $45.51 on Wednesday. The firm has a market cap of $25.50 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a one year low of $44.73 and a one year high of $46.86. The stock’s 50 day simple moving average is $45.83 and its 200 day simple moving average is $46.14.
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.
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Want to see what other hedge funds are holding FBND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity Total Bond ETF (NYSEARCA:FBND – Free Report).
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