Fidelity Total Bond ETF $FBND Stock: Founders Financial Securities LLC Increases Position

Founders Financial Securities LLC increased its holdings in Fidelity Total Bond ETF (NYSEARCA:FBND) by 6.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 778,543 shares of the company’s stock after acquiring an additional 45,187 shares during the period. Fidelity Total Bond ETF comprises approximately 1.7% of Founders Financial Securities LLC’s portfolio, making the stock its 10th biggest holding. Founders Financial Securities LLC owned about 0.12% of Fidelity Total Bond ETF worth $33,711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FBND. Steph & Co. boosted its holdings in shares of Fidelity Total Bond ETF by 27.3% in the 3rd quarter. Steph & Co. now owns 316,767 shares of the company’s stock worth $13,716,000 after buying an additional 67,854 shares during the last quarter. Barry Investment Advisors LLC grew its position in Fidelity Total Bond ETF by 36.7% during the second quarter. Barry Investment Advisors LLC now owns 175,149 shares of the company’s stock valued at $7,997,000 after buying an additional 47,024 shares during the period. Corient Private Wealth LP increased its holdings in Fidelity Total Bond ETF by 5.4% during the second quarter. Corient Private Wealth LP now owns 1,808,251 shares of the company’s stock worth $82,259,000 after buying an additional 92,976 shares during the last quarter. Schuylkill Financial LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter worth about $9,806,000. Finally, Gainline Financial Partners LLC purchased a new stake in Fidelity Total Bond ETF during the second quarter worth about $17,448,000.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $44.04 on Friday. The firm has a market cap of $28.39 billion, a price-to-earnings ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a 52 week low of $43.11 and a 52 week high of $46.78. The firm’s 50-day simple moving average is $44.10 and its two-hundred day simple moving average is $45.28.

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.