Fidelity Total Bond ETF $FBND Stock Purchased by Lincoln Capital Corp

Lincoln Capital Corp increased its stake in shares of Fidelity Total Bond ETF (NYSEARCA:FBND) by 98.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 277,296 shares of the company’s stock after buying an additional 137,778 shares during the quarter. Fidelity Total Bond ETF comprises 3.9% of Lincoln Capital Corp’s holdings, making the stock its 6th largest position. Lincoln Capital Corp’s holdings in Fidelity Total Bond ETF were worth $12,007,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Waverly Advisors LLC grew its holdings in Fidelity Total Bond ETF by 521.8% in the 2nd quarter. Waverly Advisors LLC now owns 3,836,584 shares of the company’s stock valued at $174,526,000 after buying an additional 3,219,570 shares in the last quarter. Align Financial LLC acquired a new stake in shares of Fidelity Total Bond ETF in the 4th quarter worth $141,726,000. Sax Wealth Advisors LLC raised its holdings in shares of Fidelity Total Bond ETF by 49.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 6,727,943 shares of the company’s stock worth $291,320,000 after acquiring an additional 2,236,473 shares during the period. Legacy Wealth Management LLC raised its holdings in shares of Fidelity Total Bond ETF by 57.0% during the 2nd quarter. Legacy Wealth Management LLC now owns 5,495,432 shares of the company’s stock worth $249,987,000 after acquiring an additional 1,995,732 shares during the period. Finally, Quotient Wealth Partners LLC raised its holdings in shares of Fidelity Total Bond ETF by 32.9% during the 1st quarter. Quotient Wealth Partners LLC now owns 6,501,284 shares of the company’s stock worth $296,589,000 after acquiring an additional 1,609,056 shares during the period.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock traded up $0.05 on Tuesday, hitting $43.52. 4,972,731 shares of the stock traded hands, compared to its average volume of 3,158,939. The firm’s 50-day moving average price is $44.38 and its two-hundred day moving average price is $45.10. The stock has a market capitalization of $28.06 billion, a PE ratio of 8.94 and a beta of 0.28. Fidelity Total Bond ETF has a twelve month low of $43.11 and a twelve month high of $46.86.

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.